A firm's inventory and accounts payable periods are 80 and 42 days respectively. How long can the firm's receivables period be in order to have no longer than a 65 day cash conversion cycle?

The chief compliance officer of a mutual fund reports directly to the senior executives of the fund management company.

a. true b. false

Getting a salesperson to prospect for new business, call on those potential customers that fit your marketing strategy, and provide the drive to maintain a regular prospecting schedule describes which characteristic of effort?

a. The drive to initiate action on a task. b. The quality of effort on a task. c. The persistence to expend effort over a period of time. d. All of the above are characteristics of effort e. None of the above is a characteristic of effort because a person's effort level ultimately cannot be affected by outside factors.