As a rule, only _____ risk is insurable.
A. business
B. market
C. pure
D. credit
Answer: C
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Short-term capital gain is eligible for a special tax rate only when it exceeds long-term capital gain.
Answer the following statement true (T) or false (F)
Which of the following is/are not a component of comprehensive income?
a. Asset revaluation reserve b. Net income c. Foreign currency translation adjustment d. Minimum pension liability adjustment e. All of these are components of comprehensive income.
Which of the following is not true regarding firms use of net assets (assets minus liabilities)?
a. Firms may choose to use the net assets generated by earnings to repurchase common shares. b. Firms may choose to use the net assets generated by earnings to repurchase common shares which result in cash outflows for a firm, similar to paying a cash dividend. c. In the case of share repurchases, only those shareholders that choose to sell their shares to the firm receive cash. d. Some firms pay periodic dividends to the common shareholders out of net assets. e. Firms typically retain some or all of the net assets generated by earnings, causing net assets to decrease, along with retained earnings, which is the component of shareholders' equity showing the cause of that decrease in net assets.
Who among the following people is most likely to become a necessity entrepreneur?
A. A person who has recently graduated from college and has no work experience B. A person who has recently been promoted to a managerial position C. A person whoexperiences discrimination in the standard workplace D. A person who avoids challenges and financial risks