The current ratio of a firm would be decreased by which of the following?
A) Inventories are sold for cash.
B) Land held for investment is sold for cash.
C) Equipment is purchased, financed by a long-term debt issue.
D) Inventories are sold on a long-term credit basis.
D
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A _____ organization is defined as one with an organizational structure with few or no levels of middle management between top managers and those reporting to them.
Fill in the blank(s) with the appropriate word(s).
When evaluating the six-step decision making process, what occurs during the solution implementation step?
A. The process will begin again if the decisions made were incorrect B. Definition of the problem as clearly and precisely as possible C. Details of every solution possible including ideas that seem far fetched D. The solution that best solves the problem is selected