Which of the following statements is true of baby boomers?
A. They are economically backward compared to other Americans.
B. They are an unprofitable market segment.
C. They are not actively pursued by many small businesses.
D. They consist of 50 million Americans.
E. They represent people born between 1930 and 1945.
Answer: C
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In In re Jones, Jones graduated from college and then went to law school. He graduated from law school but was unable to pass the bar exam. Over the next decade he worked various jobs before going back to school again for a master's. Jones took out student loans to pay for his education, resulting in $140,000 of debt. He filed for bankruptcy and sought to have the student loans discharged for "undue hardship." Which of the following is the most likely holding of the court?
A. Jones had not met the undue hardship standard because he was well educated and able to work and presented no hardship such as illness or injury. B. Jones met the undue hardship standard because he demonstrated that he had made diligent efforts to find employment. C. Student loans are nondischargeable and not subject to the undue hardship standard. D. Jones met the undue hardship standard because the amount of money owed was too much for a person in his fifties to be able to pay.
The recording of a marketable security depends, in large part, on management's intention with the investment
a. True b. False Indicate whether the statement is true or false
Which statement based on textbook discussion is true about debit or credit cards?
a. A debit card draws against either an account the user has with a financial institution or a prior payment of money made to the card issuer. b. Credit card transactions provide the greater profit to financial institutions. c. Debit cards provide greater protection as a matter of law to the consumer. d. Debit and credit cards are treated identically by the law.
Although stocks have the greatest historical rate of return, that is no guarantee of future performance, particularly over shorter time periods.
Answer the following statement true (T) or false (F)