You Decide to Start a Landscaping Business Called Trim Grass

question 28

Multiple Choice

You decide to start a landscaping business called Trim Grass. You expect to use the Web to help clients find you and communicate with you. You will mow lands, clean flower beds, and pick up leaves in the fall. You will send your clients monthly bills. Which of the following is true?

• A) Trim Grass is using an e-commerce model.
• B) Trim Grass is using an e-business model.
• C) Trim Grass is using a forward auction.
• D) Trim Grass is an electronic marketplace.
• E) Trim Grass needs to worry about channel conflict.

Grasp the significance of fit between organizational culture and individual characteristics.

Recognize the management functions necessary for organizational effectiveness: planning, organizing, leading, and controlling.

Comprehend the concept of multiculturalism in organizational behavior.

Identify the roles and skills of effective managers and leaders.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Sales In Receivables

Likely refers to the concept of "Accounts Receivables" which are amounts owed by customers for goods or services delivered on credit.

Decimal Place

The position of a number to the right of the decimal point; each position represents a power of ten.

Comparative Income Statement

A financial statement that compares income, expenses, and net profit over multiple periods to assess performance.