A firm that chooses a low-risk, restrictive credit policy will tend to have a larger investment in receivables

Collateral is:

A) any property of a debtor B) property pledged as security for a loan C) a loan given to a debtor D) a deposit given on the purchase of a motor vehicle E) property acquired by a debtor

The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise procedures dictated by management. The jobs of these clerical and editorial employees ________

A) have a wide span of control B) score high on the degree of departmentalization C) score high on the degree of formalization D) lack a unity of command E) score low on the degree of work specialization