The business plan should deceive neither investors nor loan officers and should convey accurate and realistic expectations of business potential.
Answer the following statement true (T) or false (F)
True
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Which of the following is true of a guarantor in a guaranty arrangement?
A) The guarantor is primarily liable to the principal debtor's debt when it is due. B) The guarantor can be approached even if the principal debtor is not in default. C) The creditor can seek first remedy from a guarantor. D) The guarantor has full legal rights to possession of the real property in this type of arrangement.
Which of the following statements about intercultural ethics is most accurate?
A) Very few companies that are active in global markets have codes of ethics. B) The United States is the least corruptible country worldwide. C) Many companies require their employees to take ethics training programs. D) Because we now live in a global economy, ethics is not an issue when doing business globally.
Cross-sourcing describes the practice of having two suppliers provide every component
Indicate whether the statement is true or false
Financial intermediaries issue their own indirect securities and use the proceeds to purchase the
direct securities of other economic units. Indicate whether the statement is true or false