Which of the following statements about the various types of risks is true?
A. A firm's default risk is a nondiversifiable risk.
B. Interest rate risk is an unsystematic risk.
C. Inflation risk is a systematic risk.
D. Economic risk is a firm-specific risk.
E. Political risk is a diversifiable risk.
Answer: C
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In countries such as Germany, Italy, Japan, or the Russian Federation, the United Nations expects there to be fewer people ages 15–59. Even if fertility rates increase in these countries, the current deficit in young people cannot be replaced, EXCEPT by ______.
a. extending the work age to 72 b. gender diversity *c. immigration d. shifting the beginning working age to younger
Which of the following is true of private money?
A. It can only be used for making payments between private parties who agree in advance to its use. B. It cannot consist of any other sort of transferable material but official money. C. It can be used to pay public debts. D. It is an example of reserve currency.
Assume there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements. If there are 13 total directors of General Grain Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to act as a board?
a. 7 b. 4 c. 6 d. 11
On July 10, Pet Supply Store orders fifty small dog collars from Quality Collars, Inc to be delivered by July 15 . On July 13, Quality Collars tenders fifty large dog collars. Pet Supply rejects the shipment. Quality Collars has
a. no right to cure. b. until July 15 to cure. c. until the end of the business day on July 13 to cure. d. unlimited time to cure.