10. The Lumber Mart recently replaced its management team. As a result, the firm

Question

10. The Lumber Mart recently replaced its management team. As a result, the firm is implementing a restrictive short-term policy in place of the flexible policy under which the firm had been operating. Which of the following should the employees expect as a result of this policy change? I. reduction in sales due to stock outs II. greater inventory selection III. decreased sales due to the new accounts receivable credit policy IV. decreased investment in marketable securities A. I and II only B. II and IV only C. I, II, and IV only D. I, III, and IV only E. I, II, III, and IV

Explanation / Answer

C. I, II, and IV only

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