Upward communication enables subordinates to relate more closely to, and identify with, their superiors
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If a bank has assets with the same time to maturity as its liabilities, then
A. the interest rate on assets changes faster than the interest rate on liabilities. B. the interest rate on liabilities changes faster than the interest rate on assets. C. changes in interest rates will not affect the bank's overall portfolio. D. changes in interest rates puts the bank at a high risk of default.
A ________ budget is used for areas of the organization that incur expenses but produce no revenue.
A. sales B. master C. cash D. production E. cost
The Heinrich v. Titus-Will Sales, Inc case stands for the principle that:
a. the UCC requires proper state licensing for a company claiming to be a merchant to actually have merchant status. b. a buyer in the ordinary course of business acquires good title when buying from a merchant seller who was entrusted with possession of the goods. c. risk of loss depends on who has title to the goods at the time the goods are damaged or destroyed. d. a void title is no title.
A trust may be used to protect a spendthrift child against his or her own folly and against possible exploitation by others
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