What is the primary difference between a policy and a procedure?

A) A policy focuses on the organization, but a procedure focuses only on a single department.
B) A policy sets a broad guideline, but a procedure defines precise actions to be taken.
C) A policy is a single-use plan, but a procedure is a standing plan.
D) A policy identifies short-term directions for the organization, but a procedure identifies long-term directions.
E) A policy guides fair employment, but a procedure guides ethical principles.

If the initial current ratio for a firm is greater than one, then using cash to purchase marketable securities will decrease net working capital.

Business marketers typically deal with many more buyers than consumer marketers.

Electronic human resource management (e-HRM) :

A) is useful for connecting employees who might otherwise never meet each other
B) helps organizations develop a strategy for how to use social networking technologies to improve employee performance and satisfaction
C) refers to the use of IT for conducting HRM activities and for social networking among employees
D) appeals to Millennial employees.
E) All of these are

A company that has 25,000 shares of $5.00 par value common stock issued and outstanding paid a dividend of $0.40 per share. The market value of the stock is $16 per share. The company's dividend yield is

A) 2.5%
B) 400%
C) 16%
D) 40%

Which of the following is defined as a rate of downward movement in the price level for an aggregate of goods and services?

A) Price index
B) Reinflation
C) Deflation
D) Inflation
E) Disinflation