Multiple choice

1. Which of the following is not a method of retail competition? 

A. Price 

B. Location 

C. Service 

D. Travel 

2. Pham is employed as a human resource manager. His responsibilities might include all of the following activities except 

A. projecting sales for the coming six-month period. 

B. administering employee benefit programs. 

C. developing employee training programs. 

D. administering compensation plans. 

3. Camden Products buys a $500,000 machine by taking out a bank loan. The company's assets will ________ by $500,000 while its liabilities will ________ by $500,000. 

A. fall; rise 

B. rise; rise 

C. rise; fall 

D. fall; fall 

4. If a firm has a current ratio of 2.00, it means that for every $2 in ________ it has $1 in 

A. total assets; total liabilities. 

B. current assets; total liabilities. 

C. current assets; current liabilities. 

D. total assets; current liabilities.