Schultz Consultancy Reports $$\begin{array} { l r } \text { Total assets } & \$ 950000 \\\text { Profit } & 30000 \\\text { Current liabilities } & 285000\end{array}$$

question 6

Multiple Choice

Schultz Consultancy reports: $$\begin{array} { l r } \text { Total assets } & \$ 950000 \\\text { Profit } & 30000 \\\text { Current liabilities } & 285000\end{array}$$ If current assets = 60% of total assets Schultz's current ratio is:

• A)1 to 2
• B)3 to 2
• C)2 to 1
• D)2 to 3

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Definitions:

Modified Rebuy

A buying situation in which an organization revisits and adjusts the terms of a purchase, often because of changes in requirements, prices, or suppliers.

New Buy

A purchasing situation in which a buyer acquires a product or service for the first time, representing the highest level of decision-making involvement.

Geographically Concentrated

Refers to businesses, populations, or industries that are heavily localized within a specific area or region.

B₂B Buying

The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.