You have the choice of two equally risk annuities, each paying $5,000 per year for 8 years. One is an
annuity due and the other is an ordinary annuity.
If you are going to be receiving the annuity
payments, which annuity would you choose to maximize your wealth?
A) the annuity due
B) the ordinary annuity
C) Since we don't know the interest rate, we can't find the value of the annuities and hence we
cannot tell which one is better.
D) either one because they have the same present value
A
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The most important advantage of sequential coding is that
a. missing or unrecorded documents can be identified b. the code itself lacks informational content c. items cannot be inserted d. deletions affect the sequence
Which of the following options is true concerning the concealment of assets during or in contemplation of a bankruptcy?
a. Often used in divorce cases b. Often used in a planned bankruptcy c. How a bust-out is designed d. All of the above
Enterprise Rent-A-Car closely ties customer service to employee success. With a tracking system called the Enterprise Service Quality Index (ESQi), the company routinely follows up with customers by phone to determine their level of satisfaction with the company. Only completely satisfied customers count toward an employee ESQi score, which is used to measure employee's potential for promotion. Enterprise is using a(n) ________ customer-defined standard.
A. Informal B. Proactive C. Hard D. Soft E. Reactive
The courts will find an implied contract when
A. justice demands it. B. conduct of the parties indicates they intended an agreement. C. there is promissory estoppel. D. there is undue influence.