Banks and credit unions serve as ________.

A. A marketplace where people can buy and sell stock
B. intermediary between savers and borrowers
C. Creators of financial products

Ans: B. intermediary between savers and borrowers

Business

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In the ______ stage of the organizational buying decision process, the firm awards contracts to one or more of its preferred suppliers.

postpurchase behavior order placement alternative evaluation purchase decision

Business

The goal of managing working capital, such as inventory, should be to minimize the:

A) costs of carrying inventory B) amount of spoilage or pilferage C) opportunity cost of capital D) aggregate of carrying and shortage costs

Business