The government of Laslow, an Asian nation, earned more revenue than its total expenditure in the last fiscal year.Given this information, the government of Laslow incurred a _____.
A. revenue backlog
B. revenue deficit
C. debt brake
D. budget surplus
Answer: D
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A shareholder can transfer the right to vote to a second party, by means of an instrument known as _____.?
A. ?arbitrage B. ?allotment C. ?consortium D. ?rationing E. ?proxy
Herring Inc. is considering issuing 18-year, 9.0% semiannual coupon, $1,000 face value convertible bonds at a price of $1,000 each. Each bond would be convertible into 25 shares of common stock. If the bonds were not convertible, investors would require an annual nominal yield of 11.8%. What is the straight-debt value of each bond at the time of issue? Do not round your intermediate calculations.
A. $911.77 B. $713.56 C. $753.20 D. $792.84 E. $951.41
Consolidation in the insurance industry is a continuing trend. One area where mergers and acquisitions frequently occur is between marketing intermediaries who represent insurance purchasers. These intermediaries are called
A) insurance adjusters. B) insurance agents. C) insurance underwriters. D) insurance brokers.
In object-oriented technique, the opposite of generalization is ________
A) degeneralization B) abstraction C) specialization D) none of the above