Leonard Is a Hardworking Individual Who Works for Himself and Can

question 39

Multiple Choice

Leonard is a hardworking individual who works for himself and can do just about any construction or carpentry job around. He builds cabinets primarily, but he has also done masonry work. His idea of fun is fixing his truck, and several of his friends and family have him work on their cars as well. He is unimpressed by material possessions other than those with a practical or functional purpose. To which VALS segment does Leonard belong?

• A) Experiencers
• B) Strivers
• C) Survivors
• D) Makers
• E) Believers

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Definitions:

Cash Conversion Cycle

The time it takes for a company to convert its investments in inventory into cash flows from sales.

Inventory System

An inventory system is a mechanism for tracking the sale, purchase, and storage of goods, facilitating efficient management and control of inventory.

DSO

Days Sales Outstanding, a financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.

Compensating Balances

Minimum cash balances that a borrower agrees to maintain in a demand deposit account as a condition for a loan.