Debtors are interested in the number of times interest charges are earned because they want to
a. know what rate of interest the corporation is paying
b. have adequate protection against a potential drop in earnings jeopardizing their interest payments
c. be sure their debt is backed by collateral
d. know the tax effect of lending to a corporation
b
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Which of the following is a disadvantage of a partnership when compared to a corporation?
A) The partnership is more likely to have a net loss. B) The partnership is easier to organize. C) The partnership is less expensive to organize. D) The partnership has limited life.
All of the following are potential benefits of B2B e-commerce except:
A. increased production flexibility. B. increased product cycle time. C. increased opportunities to collaborate with suppliers and distributors. D. increased visibility and real-time information sharing among all participants in the supply chain network.
Changes in the tax law intended to make the measurement of taxable income more precise usually make the tax law less complex.
Answer the following statement true (T) or false (F)
In the context of the duty of fair representation, which of the following statements is true?
A. An employee cannot recover damages from a union even if the union has breached its duty of fair representation. B. Unions are not allowed to represent nonunion members. C. If a union decides in good faith and in a nonarbitrary manner that a grievance is not meritorious, a breach of fair representation does not exist. D. An individual employee cannot present a grievance to the employer without the aid of a union.