Within the category of informal institutions, the United Nations is an example of the _________ institution in that it operates to set standards and create voluntary processes, and compliance is through social or peer pressure.
Fill in the blank(s) with the appropriate word(s).
normative
This is the case. (Embedded within the UN is an agency that operates with force, the UN Peace Keepers, who use social pressure initially.)
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Which of the following is the method of reporting amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities, allowed by U.S. GAAP?
a. the direct method b. the indirect method c. both the direct method and the indirect method d. the schedule of cash receipts and cash disbursements e. the funds flow statement
A security interest:
a. is an interest only in personal property to secure payment or performance of an obligation. b. is effective against third parties, but not the debtor, when it "attaches.". c. may arise in fixtures under UCC Article 9. d. in fixtures, even if perfected, will not have priority over a mortgage in the real property to which the goods are attached.
Trying to maximize the short-run return on investment may not be compatible with a company's other objectives.
Answer the following statement true (T) or false (F)
A bank lends a firm $1,000,000 for one year at 12 percent on a discounted basis and requires compensating balances of 10 percent of the face value of the loan. The effective annual interest rate associated with this loan is ________
A) 12 percent B) 13.3 percent C) 13.6 percent D) 15.4 percent