Which of the following is not a common characteristic of financial statements?
a. They are holistic.
b. They are realistic.
c. They are accurate.
d. They are complex.
ANSWER: d
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The Fair Debt Collection Practices Act requires a debt collector to provide the consumer with a written notice. What information must be contained in this notice?
a. The amount of the debt, with interest and penalties clearly delineated. b. The name and phone number of the current creditor and former creditor. c. A statement telling the consumer that he can request verification of the alleged debt. d. A copy of the original credit contract with the original creditor.
The BOT option for large projects is designed to:
A) Automate the payment process. B) Automate the closeout process. C) Keep the door open for new projects between the customer and project organization. D) Limit risk for the customer in the short run.
Fig. 7.2
Which one of the following statements regarding Figure 7.2 is TRUE? A) Activity S cannot finish until activity T finishes. B) Activity T cannot begin until activity U is completed. C) Activity U cannot begin until activities S and T have been completed. D) Activity V cannot begin until activity S has been completed.
Which of the following statement completions is CORRECT? If the yield curve is upward sloping, then the marketable securities held in a firm's portfolio, assumed to be held for emergencies, should
A. consist mainly of long-term securities because they pay higher rates. B. consist mainly of short-term securities because they pay higher rates. C. consist mainly of U.S. Treasury securities to minimize interest rate risk. D. consist mainly of short-term securities to minimize interest rate risk. E. be balanced between long- and short-term securities to minimize the adverse effects of either an upward or a downward trend in interest rates.