The Model Business Corporation Act provides for small, closely held corporations to be organized and creates Subchapter S corporations with special benefits
Indicate whether the statement is true or false
False
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The interest rate used to calculate interest expense in the effective interest method of amortization is equal to the market rate of interest at the time the bonds are issued
a. True b. False Indicate whether the statement is true or false
Which of the following is a characteristic of the affordable method of establishing a marketing communications budget?
A) fixed annual budget B) suitable for long-range planning C) priority given to role of promotion as an investment D) calculated to reflect what the company can spare for marketing communications E) based on the immediate impact of promotion on sales volume
Working capital is computed as current liabilities minus current assets.
Answer the following statement true (T) or false (F)
Cousteau has had many sea experiences in his past. He is once again placed in charge of a vessel that has a mission to study dolphins. He looks forward to this new mission, even though he has done many similar excursions in the past, because he has a new group of students who are eager to learn from him. Cousteau has which type of power?
A. referent power B. expert power C. reward power D. legitimate power