Which one of the following losses is an indirect loss?
A) Damage to a car when a tree falls on it
B) Loss caused by an arsonist who burns down a building to collect insurance proceeds
C) Monetary losses due to the inability to produce and sell goods when a machine is destroyed
D) Monetary losses due to a legal liability claim
C
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Equity of a corporation is broken out into two components. Which of the following are the two components of the equity of a corporation?
A) current assets and fixed assets B) common stock and liabilities C) revenues and expenses D) contributed capital and retained earnings
Sterling Bank wants to perfect its security interest in timber owned by Ridgeline Lumber, Inc. Most likely, a financing statement should be filed with
A. the local chamber of commerce. B. the county clerk. C. a federal loan officer. D. the secretary of state's office.
A declining stock market index due to lower share prices
A) reduces people's wealth and as a result may reduce their willingness to spend. B) increases people's wealth and as a result may increase their willingness to spend. C) decreases the amount of funds that business firms can raise by selling newly issued stock. D) both A and C of the above. E) both B and C of the above.
The type of decision that can be made by following a definite procedure is called a(n) ________ decision
A) operational B) unstructured C) semistructured D) procedural E) structured