Which of the following does not determine the amount of credit offered by a supplier（）
A The credit terms the supplier obtains from its own suppliers
B The ease with which the buyer can go elsewhere
C The supplier’s total risk exposure
D The number of purchases made by the buyer each year
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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
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
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