What phrase might be used to describe the initial transaction a short seller initiates when shorting an equity security?
A)
Buy
B)
Sell
C)
Borrow
D)
Covering
Answer:
C
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Payment is made for land purchased earlier on credit. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decrease. d. Liabilities decrease and assets decrease.
Which of the following is true for self-service retailing?
A) These retailers carry more shopping goods and services such as credit and merchandise-return privileges. B) This service model is favored by discount stores and customers who want to save money. C) It results in high staffing costs compared to other forms of retailing. D) Salespeople are ready to assist in every phase of the "locate-compare-select" process. E) Customers need more information and assistance than in other forms of retailing.
Industry conditions change because of
A. newly emerging industry key success factors. B. such powerful driving forces as swings in buyer demand, changing interest rates, ups and downs in the economy, and higher/lower entry barriers. C. changes in the barriers to entry and the degree of competition from substitute products. D. newly emerging industry threats and industry opportunities that alter the composition of the industry's strategic groups. E. important forces enticing or pressuring certain industry participants (competitors, customers, suppliers) to alter their actions in important ways.
Under the UPA, a partner's ownership interest in any specific item of partnership property is that of a tenant in partnership
a. True b. False Indicate whether the statement is true or false