When a household borrows to buy a home, the resulting security is referred to as
A. a discount bond.
B. a Treasury bill.
C. mortgage debt.
D. consumer credit.
Answer: C
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Derrick is a clinic director running a downtown Chicago facility for a large nonprofit health organization. He receives most of his strategic direction from the organization and supervises several department managers in his workplace. Derrick is a
A. first-line manager. B. middle manager. C. tactical manager. D. functional manager. E. coordination manager.
Which of the following statements best describes a subsequent event?
a. A subsequent event affects only subsequent reporting periods. b. A subsequent event is, in some cases, reflected in the statements of the preceding period. c. A subsequent event may occur any time after financial statements are issued. d. A subsequent event is not covered by the independent auditor's report.
The firm’s experience with the quality of the supplier’s products, poor supplier responsiveness, delivery delays, and so on is an example of ______ about suppliers.
A. internal sources of information B. external sources of information C. financial sources of information D. supplier sources of information
A job candidate who has experience working abroad or knows more than one language may have an advantage in the hiring process because the strategies companies are pursuing today increasingly involve one or more elements of globalization.
Answer the following statement true (T) or false (F)