A growing firm that delays payments at the end of each period reports larger cash flow from operations each period than if it had not delayed making the cash payments at the end of each period. Which of the following is true?
a. The firm is, in effect, obtaining short-term financing from its suppliers.
b. Absent contracts or other agreements that preclude delayed payments, this business practice is legal.
c. Sufficiently delayed payments might harm a firm's reputation.
d. Sufficiently delayed payments might harm a firm's credit rating.
e. All of the above are true.
E
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Samantha sent an email to Joyce, letting her know about a job opening. Joyce quickly responded with an email, thanking Samantha. Joyce's response is an example of __________.
a. noise b. the medium c. encoding d. feedback
Which of the following statements about the decomposition method is/are false?
A) The process of "deseasonalizing" involves multiplying by a seasonal index. B) Dummy variables are used in a regression model as part of an additive approach to seasonality. C) Computing seasonal indices is the first step of the decomposition method. D) Data is "deseasonalized" after the trend line is found. E) Decomposition can involve additive or multiplicative methods with respect to seasonality.