A crisis tends to reduce the likelihood for charismatic leadership to emerge.
Answer the following statement true (T) or false (F)
False
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Meggie's Corporation purchased investments for $80,000 cash. The journal entry to record the outflow of cash is:
a. Investments 80,000 Cash 80,000 b. Cash 80,000 Investments 80,000 c. Investments 80,000 Purchases 80,000 d. Purchases 80,000 Investments 80,000
Frequent shopper programs and customer and vendor analysis are made possible through _____
a. data-base management b. data mining c. electronic data interchange d. data warehousing
Basic research:
a. is aimed at confirming an existing theory. b. is aimed at developing new or improved products. c. is aimed at a specific, pragmatic problem. d. is given little emphasis by business firms in the United States.
Answer the following statement(s) true (T) or false (F)
1. The purpose of a commercial bank is to make a profit. 2. Commercial banks are the only legal system that can accept deposits from customers and provide them a checking account. 3. Mutual savings banks are depositor-owned, and are primarily concentrated in the New England states, New York, and New Jersey. 4. Only institutions that provide banking services qualify as financial institutions. 5. Insurance companies, pension funds, large brokerage houses, and consumer finance companies are all classified as nonbanking financial institutions because they act as sources and users of funds.