A bond is a ________ instrument by which a borrower of funds agrees to pay back the funds with interest on specific dates in the future
A) long-term equity
B) long-term debt
C) short-term debt
D) short-term equity
Answer: B
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Aerobic cellular respiration yields about ________ of the energy of glucose in ATP molecules.
A. 2% B. 39% C. 15% D. 28%
Both the director of general accounting and the controller at WorldCom were comfortable with capitalizing ordinary expenses
Indicate whether the statement is true or false
Money donated from an estate to charitable organizations is
A) not subject to estate taxes. B) added back into the value of an estate for tax purposes. C) an itemized deduction on the federal income tax return of the deceased. D) allowed a 50% credit against the value of the estate.
Lin-may is eager to implement empowerment in her organization. She has encouraged her employees, expressed confidence in them, and given them responsibility. She has created a positive emotional atmosphere. What else must she do to make empowerment effective?
a. lower the performance standards. b. create clear hierarchy for reporting c. reward employees openly and personally d. use only teams for decision making