Current assets are cash or other assets that are reasonably expected to be converted into cash, sold, or consumed within one year or a normal operating cycle.An operating cycle is defined as the company's ability to

A) spend cash to payoff the company's liabilities
B) spend cash to acquire inventory, which is sold and returned to cash
C) spend cash to acquire inventory, which is sold to customers in the normal course of business
D) spend cash in the generation of services, which can result in an increase in revenue and net income from operations

Refer to Scenario 7.7. The marginal product of the second worker is

A) 3.
B) 4.
C) 5.
D) 9.

Opportunities and threats are environmental conditions external to the firm that have limited benefit and are harmful to the organization.

The official poverty income threshold in the United States is

A) based on the cost of a budget that includes food,clothing,and shelter.
B) never adjusted for the effects of inflation.
C) the same for all families independent of the number of people in the family.
D) calculated as three times the cost of a minimally acceptable diet for a family.

The field of leadership has been in a state of ________ for decades.

A) ferment
B) stasis
C) balance
D) inertia

In __________ production, a variety of custom products are tailor-made to fit customer specifications.

A) continuous-process
B) intensive
C) mediating
D) small-batch
E) long-linked