The bond contract that states the lender's rights and privileges and the borrower's obligations is called the
A) bond syndicate.
B) restrictive covenant.
C) bond covenant.
D) bond indenture.
D
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Which of the following best describes the recommended first method for implementing a diversity initiative (as part of the 10-step method)?
a. Create a sense of concern over potential lost revenue from diversity lawsuits. b. Highlight the contributions of current diverse employees. c. Make a moral case for implementing diversity initiatives. d. Make a competitive business-oriented case for implementing diversity initiatives.
The sales budget:
A. must be prepared by the venture's accounting firm. B. must be based on actual sales figures for the last month. C. should be prepared before developing the pro forma income statement. D. needs to be prepared only in case of a manufacturing firm.
With a general line of credit, the bank:
A. does not charge a commitment fee. B. charges a commitment fee on the total amount. C. charges a commitment fee on the used balance. D. charges a commitment fee on the unused balance. E. charges the same total fees as it does with a revolving credit agreement.
?Which of the following is true about a common size balance sheet?
A. ?The assets, liabilities, and equities are reported at its market value. B. ?The assets, liabilities, and equities are reported as a percentage of common stock. C. ?The assets, liabilities, and equities are reported as a percentage of total assets. D. ?The assets, liabilities, and equities are arranged in the alphabetical order. E. ?The assets, liabilities, and equities are reported as a percentage of the assets, liabilities, and equities of a competing firm.