A company uses the effective interest method to amortize a bond premium. Which of the following statements is true regarding the carrying value of the bond?
A. The carrying value will decrease by smaller amounts each year.
B. The carrying value will decrease by equal amounts each year.
C. The carrying value will decrease by larger amounts each year.
D. The carrying value will be lower than the face value of the bond until maturity.
Answer: C
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Which of the following statements is true of exculpatory clauses?
A. Exculpatory clauses, when enforced, can effectively relieve a party of liability for the consequences of his own negligence. B. Exculpatory clauses that seek to avoid liability for willful misconduct or fraud, however, are generally enforceable. C. Exculpatory clauses are effective only when the party which benefits by the clause owes a duty to the public. D. Exculpatory clauses are always illegal and cannot be taken up in court.
A marketer would detail the company's positioning and value proposition in the ________ section of a marketing plan
A) marketing situation B) forecasting C) company description, purpose, and goals D) marketing strategy E) executive summary
Japan is a highly ______ culture.
A. nurturing B. collectivist C. individual D. feminine
Division A had ROI of 15% last year. The manager of Division A is considering an additional investment for the coming year. What step will the manager likely choose to take?
A) accept the investment as long as it provides positive operating income B) accept the investment as long as its ROI is positive C) reject the investment if it returns more than 15% ROI D) reject the investment if it returns less than 15% ROI E) reject the investment if it returns an ROI equal to 15%