Whereas commercial banks take deposits from some customers and make loans to other customers, the principal activities of investment banks are (1) to help firms issue new stock and bonds and (2) to give firms advice with regard to mergers and other financial matters. However, financial corporations often own and operate subsidiaries that operate as commercial banks and others that are investment banks. This was not true some years ago, when the two types of banks were required by law to be completely independent of one another.

Answer the following statement true (T) or false (F)


True

Business

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When your intended message is sent accurately in the least amount of time, you are a(n)

A. economical communicator. B. efficient communicator. C. formal communicator. D. collaborative communicator. E. effective communicator.

Business

Officer Tom is executing a validly obtained search warrant in Kathryn's home. The warrant gives him the right to search every room in the house but is limited to a search for automatic weapons and handguns. When he walks into the kitchen, he sees an open box filled with small plastic bags containing small pills. A closer inspection reveals that the pills are ecstasy, an illegal narcotic. May Officer Tom seize the drugs even though the warrant did not include a search for drugs, and would the drugs be admissible in court?

What will be an ideal response?

Business

A report of accounts that are past due has many information attributes. The most important attribute is

a. summarization b. timeliness c. conciseness d. exception orientation

Business

The practice of comparing the company's achievements against the best practices in the industry is known as ________.

A) segmentation B) goal congruence C) performance evaluation D) benchmarking

Business