The term delegation refers to the transfer of:

A. personal rights.
B. duties.
C. securities.
D. property rights.


Answer: B

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Net income that has been earned by the corporation but not paid out as dividends are ______________________________

Fill in the blank(s) with correct word

Business

Outside influences for change in organizations, such as competitors’ actions and customers’ changing preferences are called ______.

A. external forces B. interior pressures C. internal forces D. exterior pressures

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Lopez Co is interested in purchasing equipment that would improve its operational efficiency. The cost of the equipment is $400,000 with an estimated residual value of $30,000 and a useful life of ten years. The equipment is expected to generate cash inflows of $60,000 a year. The company's minimum rate of return is 8 percent. The present value of $1 for ten years at 8 percent is 0.463, and the

present value of an annuity of $1 at 8 percent and ten years is 6.710. Using the above information for Lopez, the net present value of the project is A) $402,600. B) $13,890. C) $200,000. D) $16,490.

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A sample of 200 elements from a population with a known standard deviation is selected. For an interval estimation of ?, the proper distribution to use is the

A. normal distribution. B. t distribution with 200 degrees of freedom. C. t distribution with 201 degrees of freedom. D. t distribution with 199 degrees of freedom.

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