Crawley, Inc has a line of credit with HNC Bank that allows the company to borrow up to $800,000
at an interest rate of 12 percent. However, Crawley, Inc must keep a compensating balance of 18
percent of any amount borrowed on deposit at the bank.
Crawley, Inc does not normally keep a
cash balance account with HNC Bank. What is the effective annual cost of credit?
A) 12.40% B) 12.83% C) 15.47% D) 14.63%
D
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In U.S. v. Trenton Potteries Co, competitors openly fixed prices and restrained sales. The Supreme Court held that:
a. Section 2 of the Clayton Act was unconstitutional b. horizontal groupings that do not involve mergers are not illegal c. cartels that serve to lower consumer prices may be legal d. trade associations that openly announce fixed prices do not violate the law e. none of the other choices
Which of the following functions do wikis perform within an organization?
A) creating a substantial base of knowledge B) creating interactive discussions between employees and clients C) establishing communication between members of a team through instant text messaging D) creating telepresence between employees working across the globe
Residents around Lake Gunter have been warned not to drink their water because it contains some unknown chemical contaminant that could be harmful. What is this called?
A. Pollution B. Negligence C. Carelessness D. Recovery E. Biological disaster
The strength of the correlation between two variables depends on the sign of the coefficient of correlation
Indicate whether the statement is true or false