Which of the following best describes a bond rated by Standard & Poor's and Moody as B?

A) judged to be high quality by all standards
B) considered to be medium grade obligations
C) neither highly protected nor poorly secured
D) generally lacks the characteristics of a desirable investment


Answer: D

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

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Recent Supreme Court decisions in the United States have been less supportive of organizational decisions made primarily based on racial composition. In effect, the Supreme Court is now questioning:

a. The constitutionality of race-based set aside policies b. The constitutionality of all affirmative action policies c. Whether the court has the jurisdiction to decide on such matters d. The morality of race-based set aside policies

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Indicate whether the statement is true or false

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

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