________ ciphers leave letters in their original positions

A) Transposition
B) Substitution
C) Both A and B
D) Neither A nor B

Answer: B

Business

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Which of the following is an element of inventory holding costs?

A) housing costs B) material handling costs C) investment costs D) pilferage, scrap, and obsolescence E) All of the above are elements of inventory holding costs.

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Universal Financial, Inc. has total current assets of $1,200,000; long-term debt of $600,000; total

current liabilities of $500,000; and long-term assets of $800,000. How much is the firm's net working capital? A) $900,000 B) $600,000 C) $700,000 D) $1,000,000

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