Based on recent scholars’ views, Darwin’s characterization of evolution as being slow and incremental is ______.
A. entirely wrong
B. partially correct
C. completely correct
D. irrelevant to change in nature
B. partially correct
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Modular design is an approach in which independently created units called modules ______.
A. can be combined with other modules B. can be recycled C. can be sold at a price below cost of production D. do not need to comply with government regulations
Which of the following statements concerning a firm's times-interest earned (TIE) ratio is correct?
A. Generally the lower its TIE ratio, the higher the probability that the firm will default on its debt. B. The TIE ratio is calculated by dividing net income by interest charges. C. The TIE ratio increases if the debt/assets ratio increases, and vice versa. D. The TIE ratio is always greater than 1. E. The TIE ratio shows the effects of both operating leverage and financial leverage.
Beth, an accountant for Credits & Debits, acquires a negotiable instrument from Ellen by promising to pay its face value in thirty days. Beth acquires the status of an HDC when she
A. acquires possession of the negotiable instrument. B. agrees with Ellen to buy the negotiable instrument. C. pays the face value due on the instrument. D. transfers the instrument to another party.
Bonds are equity investments issued by corporations or government agencies
Indicate whether the statement is true or false.