Haskins is an officer of a real estate development firm. Haskins purchased a piece of property in a rural area of Arizona with the idea of building resort homes there. The firm has always had board resolutions for purchases of property (as is common practice) but there was no resolution for this property purchase. The other officers in the firm have learned of the value of the property and are
concerned that the firm may not own the property. Which of the following statements is true?
A) The firm can ratify Haskin's actions and take over the contract.
B) The firm cannot ratify the contract unless Haskins had express authority to buy land.
C) If the firm ratifies the contract, the effect is that Haskins is released from liability on it.
D) None of the above
A
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Which of the following statements is CORRECT?
A. If a coupon bond is selling at a discount, then the bond's expected capital gains yield is negative. B. If a bond is selling at a discount, the yield to call is a better measure of the expected return than the yield to maturity. C. The current yield on Bond A exceeds the current yield on Bond B. Therefore, Bond A must have a higher yield to maturity than Bond B. D. If a coupon bond is selling at par, its current yield equals its yield to maturity. E. If a coupon bond is selling at a premium, then the bond's current yield is zero.
The idea that a leader must be friendly but not overly familiar with subordinates is called ______.
A. self-sacrifice B. social distance C. persuasive appeal D. superior management
Tasha has a lot of statistics in her presentation. Which action can she take to help the audience make sense of the statistics?
a. limiting the other information provided with the statistics b. providing exact numbers, up to two decimal points c. explicitly stating where the statistics came from d. using graphs and charts to display the data
The United States Supreme Court has the power to
a. appoint judges to serve on the Supreme Court. b. void laws passed by Congress. c. issue executive orders. d. ratify treaties.