Managing the relationship between current assets and current liabilities of the firm in order to improve the flow of funds is called ________

A) the business operating cycle
B) the cash conversion cycle
C) working capital management
D) the production cycle

Answer: C

Business

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Communication begins when a sender encodes an idea or thought.

a. true b. false

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A ________ extends credit to the importer by requiring payment at some specified time after the importer receives the goods

A) sight draft B) time draft C) bill of lading D) bill of exchange

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