The process by which a company spends cash, generates revenues, and receives cash from customers.

Which of the following is not one of the common classifications of product liability defects?

A) Materials B) Design C) Failure to warn D) Packaging E) Manufacture

Discretionary financing needs will be lower if ________. Assume "all else equal."

A) the firm's net profit margin increases B) fixed assets are currently at full capacity C) sales increase D) the dividend payout ratio is raised