Which of the following financial institutions specializes in making personal loans to people who are perceived to have a higher risk of default?
A) Finance companies
B) Commercial banks
C) Savings institutions
D) Credit unions
Answer: A
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Hundreds of small companies such as Martin-Logan and Mark Levinson compete in the high-end audiophile segment of the consumer electronics industry
If analyzed in terms of Porter's generic strategies framework, such companies might be said to be pursuing competitive advantage via: A) cost leadership. B) differentiation. C) cost focus. D) focused differentiation. E) consumer differentiation.
A chart of accounts is
A) the same as a balance sheet B) usually a listing of accounts in alphabetical order C) usually a listing of accounts in financial statement order D) used in place of a ledger
[The following information applies to the questions displayed below.]The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a $50 NSF check from a customer. The company had outstanding checks of $100 and a deposit in transit of $300.Assuming that the unadjusted bank balance was $500, what is the unadjusted book balance?
A. $800 B. $455 C. $745 D. $700
Using the five-forces model, explain how the threat of new entrants might affect a U.S.-based manufacturer of lead acid batteries used for industrial storage.
What will be an ideal response?