Which one of the following statements is most accurate about financial markets that provide swaps today?
A) No longer are corporations tied to the financial markets of their country of residence.
B) Banks do not like swaps because the associated cash flows are just like those of bonds.
C) The result is that some companies have more difficulty is issuing debt in one currency that in other currencies.
D) Because the cash flows of swaps are not like the cash flows of bonds, banks find it easy to offset their exposures in long-term forward contracts.
Answer: A
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In an electronic data interchange environment, the audit trail
a. is a printout of all incoming and outgoing transactions b. is an electronic log of all transactions received, translated, and processed by the system c. is a computer resource authority table d. consists of pointers and indexes within the database
A constraint has a slack of 5 units. This implies that:
A) this constraint has exceeded its minimal requirement by 5 units B) this constraint has consumed 5 units of its resource C) this constraint has a surplus of 5 units D) this constraint is binding E) this constraint has 5 units of its resource unconsumed
In the context of setting performance objectives, which of the following statements is most likely true of timeliness?
A. It involves the development of new and workable approaches. B. It includes the four areas of manpower, material, machines, and methods. C. It deals with items other than rejects or specific errors and is more subjective in judgment. D. It is measured by the two factors of errors and appearances.
Assignment. Abby's Cakes on Dixie, Inc, agreed in a lease contract to lease space in a shopping center from Colonial Palms Plaza, Inc The contract included a provision in which Colonial agreed to pay Abby's a construction allowance of up to $11,250
after Abby's had satisfactorily completed certain improvements to the rented premises. The contract also contained a clause stating that Abby's agreed "not to assign, mortgage, pledge, or encumber this Lease" without first obtaining the written consent of Colonial and that any such "assignment, encumbrance or subletting without such consent shall be void." Prior to the completion of the improvements, Abby's assigned its right to receive the first $8,000 of the construction allowance to Robert Aldana (without first obtaining Colonial's consent). In return, Aldana loaned Abby's $8,000 to finance the construction. Aldana notified Colonial of the assignment by certified mail. After Abby's had completed the improvements to the rented premises, Colonial ignored the assignment and paid Abby's the construction allowance. In Aldana's suit against Colonial for the $8,000 due him pursuant to the assignment, Colonial claimed that the assignment was prohibited by the contract provision and therefore void. Who will win, and why?