The world's largest commercial carpet manufacturer, Interface, demonstrates its commitment for "green" by having a mission statement that reads "Our promise is to eliminate any negative impact Interface has on the environment by 2020."

Indicate whether the statement is true or false

TRUE
Explanation: The CEO of Interface, Ray Anderson, read The Ecology of Commerce and was inspired to use the principles of sustainability to protect and enhance life support systems on Earth. As a result, he wrote the optimistic mission statement quoted in the question. And the company is taking into consideration every aspect of its operations to reach its goal of having a positive impact on the planet.

Business

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If the bank experiences a $50,000 sudden liquidity drain caused by a loan commitment draw down, what will be the impact on the balance sheet if stored liquidity management techniques are used?

A. A reduction in cash of $21,000 and an increase in demand deposits of $29,000. B. A reduction in securities and/or current loans totaling $50,000. C. A reduction in cash of $21,000 and a decrease in securities holdings of $29,000. D. A decrease in equity of $50,000. E. A decrease in lending of $50,000.

Business

Most products are established at one of four performance levels: low, average, high, or superior. For example, mountain bikes come in a variety of sizes and physical attributes

When a consumer purchases a mountain bike costing $1,000, he or she expects the bike to perform to specifications and to have a high ________, meeting the promised specifications. A) features B) conformance quality C) durability D) performance quality E) reliability

Business