Allowance for Bad Debts is a(n)

a. contra-sales account; b. liability account;
c. asset; d. contra-asset; e. contra-liability.


D

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Which of the following is not a manager quality?

A. Maintains stability B. Organizes C. Analyzes D. Rational E. Personal power

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The Investment Company Act requires that at least 40% of the board of directors of an investment company must be outsiders to:

a. reduce possible conflicts of interest b. prevent insider trading c. reduce the possibility of insider trading d. make sure the board is very diverse e. none of the other choices are correct

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Periodically rebalancing a portfolio so that the duration continues to match the target date is called:

A. dynamic immunization. B. duration testing. C. risk assessment. D. dedication matching. E. portfolio matching.

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Some contemporary moral philosophers view Kant's ethical philosophy as incomplete because his system has no place for:

A. basic human rights. B. the moral worth of actions. C. moral emotions and sentiments. D. just and fair treatment of a minority. E. human dignity.

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