24- You're an investor in the mining industry. A mining company executive approaches you and pitches you on their new mine, asking for $500,000 in investment. You can see from their financial statements that their current assets are at $5,600,000 and their current liabilities are at $6,250,000. Should you invest?

Select one:

a.Yes, because they are profitable.

b.No, because they aren't able to pay their debts.

c.No, because they clearly aren't profitable.

d.Yes, because they can pay their debts.

25-Your I.T. department has managed to connect your company's sales forecast data with your cloth supplier's ordering system. This will result in your supplier sending the right amount of cloth to your production facility on the appropriate day, giving you enough lead time to fabricate clothing for delivery to the market. This keeps your need for maintaining raw material inventory low, and is known as:

Select one:

A.SMART.

B.JIT.

C.PERT.

D.SWOT.

26-Your COO has reorganized your bicycle manufacturing company so that there are four groups, each of which sells one of road bikes, mountain bikes, racing bikes and electric bikes. Each group has its own operations, sales, accounting and marketing teams. Your company uses this kind of org structure:

Select one:

A.Product-based Divisional.

B.Functional.

C.Customer-based Divisional.

D.Process-based Divisional.

27-You're a new Chief Financial Officer that needs to review the current financial statements for the business. You want to find the value of all of the property, equipment and inventory owned by the company. Where do you find this information?

Select one:

a.On the statement of retained earnings.

b.On the balance sheet.

c.On the income statement.

d.On the cash flow statement.

28- Two of your employees, Chelsea and Vivian have been working full-time for you since last year. Chelsea is about to start a family and Vivian will be going back to school part-time in the Fall for her accounting degree. Both of them have told you that they need to reduce their working hours, but would like to keep their jobs. Your business is very steady and so you know that you need two full-time staff to be working. You have recently hired one more staff member, Ambika.Your best option that will disrupt your business the least while keeping your current employees happy is:

Select one:

a.Offer job sharing to Chelsea and Vivian.

b.Let Ambika and Vivian work virtually.

c.Offer job rotation to all three.

d.Give Ambika overtime at 1.5 times her regular pay rate.