Your bank grants you a lump sum loan today equal to the face value of the loan less the interest. Further you must repay the face value of the loan amount in a single lump sum at the end of one year
These terms most closely resemble which of the following types of bank loan?
A) Straight loan with a pre-set payment schedule
B) Compensating balance loan
C) Line of credit
D) Discount loan
Answer: D
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Answer the following statements true (T) or false (F)
1. A transitory career path involves a series of alternating promotions and demotions. 2. Planning helps managers to cope with events that can be predicted but is not particularly helpful when conditions are uncertain. 3. Planning occurs only at the highest levels of an organization, being done by top managers. 4. Planning and strategic management derive from an organization's mission and vision about itself.
The Stage-Gate® approach to product design ______.
a. is a technical road map b. uses cross-functional teams to move the product from one stage to the next c. is a way to apply government regulations d. analyzes product failure
Which of the following statements is not correct with respect to Agency Funds?
A. Assets and liabilities are recognized at the time the government becomes responsible for the assets. B. Assets are offset by an equal amount of liabilities. C. Agency funds use modified accrual accounting. D. Assets accounted for in an agency fund belong to the party or parties for which the government acts as agent.
U.S. GAAP's overriding principles of accounting are written by the:
A) FASB. B) SEC. C) IRS. D) IASB.