The terms of a company's employment manual are never a term of the contract
Indicate whether the statement is true or false
FALSE
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In recessions, the average real return to the stock market is often
A. negative. B. between 0% to 5%. C. between 5% to 10%. D. between 10% to 20%.
Conclusive research is conducted on a small and nonrepresentative sample, so the findings should be regarded as tentative and should be used as building blocks for further research
Indicate whether the statement is true or false
For a long-term employee who is covered by a defined benefit plan, the highest retirement income will be obtained if his/her retirement income is based on
A) initial average pay. B) random year annual pay. C) career-average pay. D) final average pay.
Which of the following would be an example of the "speculative motive" for a firm holding cash
balances? A) anticipating a strike B) take advantage of an anticipated decline in the price of raw materials C) make dividend payments D) purchase of inventory