Eminent domain means:
a. the government must build housing for the poor b. the use of property is controlled by zoning
c. owners of other property make a legal claim against public land d. land is registered to its private owner
e. the government may force the sale of private property
e
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Which of the following statements is CORRECT?
A. An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%. B. The present value of a 3-year, $150 ordinary annuity will exceed the present value of a 3-year, $150 annuity due. C. If a loan has a nominal annual rate of 7%, then the effective rate will never be less than 7%. D. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different. E. The proportion of the payment that goes toward interest on a fully amortized loan increases over time.
Answer the following statements true (T) or false (F)
1. Blueprints envision the service from an organization’s perspective. 2. A good process layout maximizes the employee waiting time. 3. Number of employees in each department is a factor in determining the total cost of materials handling in manufacturing process layouts. 4. The most-following-tasks rule assigns tasks in order of the most number of following tasks. 5. The least-number-of-following-tasks rule assigns tasks in order of the least number of following tasks.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records
Indicate whether the statement is true or false
Manufacturers' agents do not take title to the products they sell and are paid a commission on sales.
Answer the following statement true (T) or false (F)