In order to reflect the greater risk to the lender, secured loans are priced at a higher rate than unsecured loans
a. True
b. False
Indicate whether the statement is true or false
False
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A person authorized to write checks drawn on a checking account at a bank must sign and have on file with the bank a
A) signature card B) deposit ticket C) checkbook D) bank card
When personal integrity drives your decisions,
a. you do what you have to do. b. you do what is right simply because it is right. c. you do what you do because you may be punished if you do the wrong thing. d. all of these choices.
Oral and written communication skills, listening proficiency, nonverbal behavior, and etiquette expertise are all examples of soft skills
Indicate whether the statement is true or false
When evaluating the cash flows associated with a capital budgeting project, the shipping and installation costs associated with the purchase of an asset are included in the computation of the:
A. initial investment outlay, because these expenses are part of the project's depreciable basis. B. incremental operating cash flows, because shipping and installation costs represent expenses that must be written off annually over the life of the project. C. terminal cash flows, because these expenses are not paid until the end of the project's life. D. sunk costs, because these expenses do not affect any cash flows associated with purchasing the project. E. project's opportunity cost, because these costs increase the potential of the project.