If a third party promises to be primarily liable for the payment of the borrower's debt, this is referred to as ________.
A. garnishment
B. subrogation
C. a surety arrangement
D. a guaranty arrangement
Answer: C
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When representing the organization to stakeholders, what communication style is most important?
A) One that projects the company's public image B) Direct C) Indirect D) One that best displays credentials and expertise E) One that is performance based
All of the following would be considering part of the description of the venture section of the business plan except:
A. the business location. B. the projected statement of cash flows for the first year. C. the history of the business. D. what equipment will be purchased.
_____ overturned the section of the Banking Act of 1933 that prohibited commercial banks from selling insurance or performing the functions of investment banks.
A. The Sarbanes–Oxley Act of 2002 B. The Securities and Exchange Act of 1934 C. The Financial Services Modernization Act of 1999 D. The Securities Act of 1933
Projects will usually have an initial investment, cash inflows, and a terminal cash flow
Indicate whether the statement is true or false