Characteristics of a general partnership include all of the following except:
A. Mutual agency.
B. Limited life.
C. A corporate business income tax.
D. Unlimited liability.
E. Voluntary association.
Answer: C
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Which of the following is not true about the quick ratio?
a. It is equal to or less than the current ratio; b. It measures liquidity; c. It includes all working capital accounts; d. It is the same as the acid-test ratio; e. Generally, it should be no less than 1 to 1
Which of the following statements is CORRECT?
A. If some cash flows occur at the beginning of the periods while others occur at the ends, then we have what the textbook defines as a variable annuity. B. The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods. C. If a series of unequal cash flows occurs at regular intervals, such as once a year, then the series is by definition an annuity. D. The cash flows for an annuity due must all occur at the beginning of the periods. E. The cash flows for an annuity may vary from period to period, but they must occur at regular intervals, such as once a year or once a month.
Briana is easy-going and does not take her work too seriously. It is likely that Briana has a ______.
A. Type A personality B. Type B personality C. Type C personality D. Type D personality
A(n) ____is a declaration of a program unit in a package body by placing the header code at the top of the package body code.
A. package scope B. package declaration C. package specification D. forward declaration