Please answer any or all, thank you!!

______ 25. The shorter the Cash Conversion Cycle (CCC), the better, as this will typically result in

A. lower Interest Expense for the firm.

B. an increase in the number of customers to whom sales are made on credit.

C. an expansion of the firms warehouse to hold the extra physical inventory.

D. a lengthening of the firms Days Sales Outstanding or Average Collection Period.

______ 26. Under the relaxed or fat cat policy of working capital management,

A. the firm holds very few Current Assets relative to Sales.

B. the firm holds a lot of Current Assets relative to Sales.

C. the firm likely has stringent requirements which customers must meet to purchase items

on credit from the firm.

D. inventory stock-outs are more likely.

E. C and D.

______ 27. The interest rate in any country is determined to a great extent by the countrys

A. unemployment rate.

B. income tax rate.

C. inflation rate.

D. proximity to the European Union (EU).

______ 28. Purchasing Power Parity (PPP) assumes that market forces will eliminate situations in which

A. the same product sells at a different relative price overseas.

B. tarriffs are too high in a foreign country.

C. import restrictions exist.

D. a monopoly exists.

______ 29. A currency is considered to be convertible when

A. the issuing country promises to redeem the currency at current market rates.

B. the currency is freely traded in world currency markets.

C. the issuing country imposes tariffs on imports into the country.

D. A and B.

E. A and B and C.