Explanation of each of their value in business planning

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Reference no: EM132299939

1. Explain the following financial tools used for control. Include an explanation of each of their value in business planning.

financial statements

balance sheet

income statement

audits (internal and external)

2. BancFirst is MOST likely a? _________.

commercial bank

securities investment broker

finance company

credit union

savings and loan association

3. Clothing Horse, a women's clothing store in the mall, performs inventory control, stores excess products in its warehouse, and handles the products. This store makes its clothing, shoes, and accessories available when they are wanted, with adequate customer service and at minimum cost to customers. Thus, Clothing Horse is creating time and place utility by using

commercialization.

operationalization.

physical distribution.

selective distribution.

4. Retrenchment is a turnaround strategy.

True

False

5. The jobs most frequently misclassified as independent contractors rather than employees are truck drivers, home health aides, and construction workers.

True

False

Reference no: EM132299939

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