A debt instrument will typically specify the rate of interest charged to the sum borrowed
a. True
b. False
Indicate whether the statement is true or false
True
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Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600 . If the current ratio is 2.5 to 1, then current assets are
a. $200 b. $625 c. $1,250 d. $2,000
A global strategy tends to be used when a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets.
Answer the following statement true (T) or false (F)
Culture refers to the
A. standard or pattern of behaviors that is typical or expected of a group. B. description of a population according to selected characteristics such as age, gender, ethnicity, income, and occupation. C. set of values, ideas, and attitudes that are learned and shared among the members of a group. D. moral and ethical beliefs of a family passed down from generation to generation. E. pastimes associated with the fine arts, such as ballet, music, and theater.
The creditor's rights against the principal debtor are determined by the contract between them
a. True b. False Indicate whether the statement is true or false