Closed-end funds and exchange-traded-funds (ETFs) are both liquidated by selling them on the open market
Indicate whether the statement is true or false.
Answer: FALSE
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If a company is having trouble paying its obligations, a modification of terms can be granted in the form of interest rate reduction, maturity date extension, and/or a reduction in the amount owed
Indicate whether the statement is true or false
A force that drove the recent nonprofit management revolution was the ______.
A. introduction of competition B. increased number of economic recessions C. decline of growth in the sector D. decreased demands for accountability
Kalil is a new CEO at a company that he discovers has very little in the way of proactive antidiscrimination policies and procedures. What is a monetary reason for him to implement such procedures?
a. less cost from dealing with claims and litigation b. the ability to hire more workers who have lower salaries c. to save money on costly ethics training workshops d. to gain more federal grant money for employees with disabilities
Doug Everett worked for Columbia Power as a consultant for businesses in reducing their power bills. Columbia terminated Doug and provided notice to all of his customers that Doug was no longer working with Columbia. A business that had heard about Doug from one of his former clients called Doug and asked him to help with reducing power bills of their offices and plants. Doug still had his materials from Columbia and negotiated a contract with the business for Columbia to provide certain equipment to the business and also for specific new rate plans for the business. Columbia did not know of the agreement and now refuses to honor it. Which of the following statements is correct?
a. Columbia is not liable on the contract with the business because Doug’s actual (express and implied authority) had terminated. b. Columbia is not liable because a former employee cannot negotiate contracts with customers after his termination. c. Columbia is liable on the contract because Columbia did not give general notice of termination. d. Doug is liable on the contract, but not Columbia.