Which of the following is NOT considered a quality of useful information?
a. timely
b. detailed
c. relevant
d. understandable
b. detailed
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In order for a derivative to be considered a hedge, it must be mostly effective in offsetting a substantial amount of risk exposure associated with changes in fair values or cash flows of the hedged item
Indicate whether the statement is true or false
Under the __________, a statement made by a defendant in custody is admissible only if the defendant was informed prior to police interrogation of his or her constitutional rights
a. forced self-incrimination rule b. double jeopardy rule c. Miranda warnings d. due process right
Mel was the beneficiary of a $45,000 group term life insurance policy on his deceased wife. His wife’s employer had paid all of the premiums on the policy. Mel used the life insurance proceeds to purchase a U.S. government bond, which paid him $2,500 interest during the current year. Mel’s Federal gross income from this is $2,500.
Answer the following statement true (T) or false (F)
The use of a conference call is an example of ________ communication
A) sequential B) synchronous C) indirect D) asynchronous