Liquidity refers to your ability to cover any long-term cash deficiencies

An example of a tactical pricing decision is _____

a. pricing at market levels b. charging list prices on all items c. reducing prices on specific seasonal merchandise which is overstocked d. allowing in-store negotiation

Which of the following is most likely to motivate executives to maximize shareholder wealth?

A) Tying bonuses to cost reductions and meeting budget goals B) Offering them relatively high salaries C) Tying annual bonuses to increases in annual profits D) Compensating them with stock options that can only be exercised after five years