If an inventory turnover is divided into 365, it becomes a measure of ________
A) financial efficiency
B) the average age of the inventory
C) sales turnover
D) the average collection period
B
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The budgeting process ________
A) usually begins about one month before the beginning of the budget period to allow for more current information to be considered B) does not need input from all levels because it is the role of management to control costs and meet revenue goals C) requires significant coordination among the company's various business segments D) is standard among all types of companies
The two major components of the interest rate that cause rates to vary across different investment opportunities or loans are ________
A) the default premium and the bankruptcy premium B) the liquidity premium and the maturity premium C) the default premium and the maturity premium D) the inflation premium and the maturity premium