If a portfolio manager had to estimate the fair value of privately placed bond issues, which of the following would he/she most likely identify as the level of inputs to determine this?

a. Level 1.
b. Level 2.
c. Level 3.
d. None of these.


B

Business

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When using an index number, one sets the most recent number in a series equal to 100

Indicate whether the statement is true or false

Business

Presently, the Software Division of Bennett Publishing Corporation has a profit margin of 30%. If total sales rise by $100,000, the net result will be

a. an increase in the profit margin ratio to above 30%. b. a decrease in the profit margin ratio to below 30%. c. no change in the profit margin ratio. d. a change in the profit margin ratio that cannot be determined from this information.

Business

Which of the following industries is most likely using process costing?

a. soft drink manufacturing b. race car manufacturing c. house building d. doctors' offices e. movie industry

Business

Maintaining a professional tone in communication is important for

A) Creating a pleasant image for your company. B) Keeping a customer's business. C) Motivating your team to ?nish a project. D) All of the above. E) A and B.

Business