The Fed has goal independence but not instrument independence
Indicate whether the statement is true or false
FALSE
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If line filling is overdone, it could result in ________ and customer confusion
A) sales paralysis B) manufacturing inefficiencies C) cannibalization D) disintermediation E) ineffective management
Bart was awarded sales person of the year and was given a cruise for two by his company. This is an example of a(n) ________ reward.
A. bonus B. contest C. subjective D. intrinsic E. extrinsic
If a project's discounted payback period is less than its useful life, _____.
A. the terminal value of its future cash inflows is less than the future value of its initial cost B. its future cash inflows are less than its initial cost C. the present value of its future cash flows exceeds its initial cost D. the present value of its future cash inflows is greater that the future value of its initial cost E. its cost-recovery time should exceed the maximum cost-recovery time established by the firm
In which of the following cases does the conversion of an existing business to an LLC take effect?
A. when the articles of organization are filed with the secretary of state B. when the members enter into an agreement of conversion C. when an operating agreement is finalized by members D. when the first certificate of interest is issued