Money that will be used for one year or less is called
A. open credit.
B. equity capital.
C. short-term financing.
D. nonsecured financing.
E. long-term financing.
Answer: C
You might also like to view...
What type of government strategies do BRIC countries have in common?
a. Open liberal markets b. Protectionist policies c. Imperfectly competitive markets to achieve growth simultaneously with protectionist policies d. Autarchic policies
Gerhardt is the president of the Pacer Bicycle Company. He also serves as a director of the Flexible Tire Company. It occurs to Gerhardt that both companies could benefit from a contract in which Flexible agrees to supply Pacer with tires for its bicycles. If Gerhardt wishes to negotiate a contract between Pacer and Flexible, which of the following is correct?
a. The contract will be void as a conflict of interest. b. Under the RMBCA, the contract is permitted if it is fair and reasonable to both corporations, or Gerhardt fully discloses all information relating to the transaction and the contract is approved by either the board of disinterested directors or the shareholders. c. The contract is a clear conflict of interest and will be avoidable by either company even with disclosure. d. Both the contract will be void as a conflict of interest and the contract is a clear conflict of interest and will be avoidable by either company even with disclosure.
Committee buying in large retail chains
A. makes it difficult for the seller to see a buyer personally. B. makes the buyers work as a group, and thus lowers costs. C. reduces the impact of a persuasive sales rep. D. allows a sales rep to avoid a difficult buyer. E. All these answers are correct.
Which of the following is NOT an example of a country-specific risk?
A) transfer risk B) war and ethnic strife C) cultural and religious heritage D) All of the above are examples of country-specific risk.