Which of the following is most likely to reduce a firm’s working capital（）
A Adopting the Miller-Orr model of cash management
B Lengthening the period of credit given to accounts receivable
C Buying new machinery
D Adopting just-in-time procurement and lean manufacturing
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What are likely to be the main aims of a government’s economy policy（）
A. Economic growth
B. Control of price inflation
C. Full employment
D. Balance between imports and exports
In the context of managing performance in not for profit organisations, which of the following definitionsis incorrect（）
A. Value for money means providing a service in a way which is economical, efficient and effective
B. Economy means doing things cheaply: not spending $2 when the same thing can be bought for $1
C. Efficiency means doing things quickly: minimising the amount of time that is spent on a givenactivity
D. Effectiveness means doing the right things: spending funds so as to achieve the organisation’sobjectives
Which of the following types of investment carries the highest level of risk（）
A. Company bonds
B. Preference shares
C. Government bonds
D. Ordinary shares
Which of the following is a disadvantage to a company of using a factor for its accounts receivable（）
A It is easier to finance growth through sales
B Managers spend less time on slow paying accounts receivable
C Credit customers pay direct to the factor
D It is easier to pay suppliers promptly to obtain discounts
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