A firm will likely be rejected for credit due to

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ch20

72 .   A firm will likely be rejected for credit due to concerns about its _ __ _ _ _ _ _ _ _ _ __ if its financial reserves are considered to be lacking .
A. capacity
B. character
C. capital
D. collateral
E. economic condition
Answer:  C.   capital
73 .   A firm has inadequate __________ __ if it does not have sufficient assets to pledge in the case of default . As a result it will likely be rejected for credit .
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74 .   A firm will likely be turned down for credit due to concerns about it s _________ __ if there are signs that the firm 's industry is in general decline .
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75 .   Of a firm 's five Cs of credit , which is LEAST likely to be managed directly by the firm ?
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76 .   A typical first step in the collection of an overdue account is to ____ _ ___________ .
A. employ a collection agency
B. send the customer an aging schedule
C. make a telephone call to the customer
D. take legal action against the customer
E. call the customer 's bank
Answer:  C.   make a telephone call to the customer
77 .   SunSign Foods , a retail grocery store , is determining how much inventory to keep on hand . Which of the following types of inventory does it probably need to consider ? I. Raw materials II . Work - in - progress III . Finished goods
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78 .   An automobile tire would be considered _________ inventory to an automobile manufacturer and ______________ inventory to a tire manufacturer .
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79 .   Consider a roll of sheet steel . This represents ________ inventory to a farm - machinery manufacturer and ________ inventory in a steel mill .
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80 .   Which of the following statements is / are correct regarding inventory ? I . One company 's raw materials may be another 's finished goods . II . The three basic types of inventory may be quite different in terms of their liquidity . III . An inventory item that becomes a part of another item is called derived demand inventory .
A. I only
B. II only
C. I and III only
D. II and III only
E. I , II , and III
Answer:  E.   I , II , and III
81 .   Which of the following is a type of inventory shortage cost ?
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82 .   All else the same , ________ costs are greatest when the firm holds a small quantity of inventory , and ___________ costs are greatest when there is a large quantity of inventory on hand .
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83 .   Which of the following is NOT considered to be a carrying cost ?
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84 .   Upon graduation with your finance degree , you take a position with a medium - sized manufacturing concern . You find that there are several pieces of inventory required in the manufacturing process that make up a small percentage of physical inventory , but a large percentage of inventory value . Anxious to impress your boss , you suggest the firm use the _ _____________ of inventory management .
A. EOQ model
B. derived demand model
C. shortage cost model
D. inventory depletion model
E. ABC model
Answer:  E )   ABC model
85 .   Which of the following inventory management techniques would MOST likely be used by a Japanese auto manufacturer ?
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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 13 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
72. A firm will likely be rejected for credit due to concerns about its _____________ if its financial reserves are considered to be lacking. A. capacity B. character C. capital D. collateral E. economic condition
73. A firm has inadequate ____________ if it does not have sufficient assets to pledge in the case of default. As a result it will likely be rejected for credit.
74. A firm will likely be turned down for credit due to concerns about its ___________ if there are signs that the firm's industry is in general decline.
75. Of a firm's five Cs of credit, which is LEAST likely to be managed directly by the firm?
76. A typical first step in the collection of an overdue account is to ________________ . A. employ a collection agency B. send the customer an aging schedule C. make a telephone call to the customer D. take legal action against the customer E. call the customer's bank
77. SunSign Foods, a retail grocery store, is determining how much inventory to keep on hand. Which of the following types of inventory does it probably need to consider? I. Raw materials II. Work-in-progress III. Finished goods
78. An automobile tire would be considered _________ inventory to an automobile manufacturer and ______________ inventory to a tire manufacturer.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
79. Consider a roll of sheet steel. This represents ________ inventory to a farm-machinery manufacturer and ________ inventory in a steel mill.
80. Which of the following statements is/are correct regarding inventory? I. One company's raw materials may be another's finished goods. II. The three basic types of inventory may be quite different in terms of their liquidity. III. An inventory item that becomes a part of another item is called derived demand inventory. A. I only B. II only C. I and III only D. II and III only E. I, II, and III
81. Which of the following is a type of inventory shortage cost?

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