When a process is in control, only ________ variations exist in the process
Fill in the blanks with correct word
natural
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State laws, which regulate how property shall be distributed when a resident of the state dies without leaving a will, are called trust laws
Indicate whether the statement is true or false
Which of the following statements is true of a family business?
A. It eliminates issues of discrimination if the firm is large. B. It seldom takes rational decisions for the benefit of the business. C. It gives no importance for human resource management in the business. D. It is generally run by and for the benefit of a particular family.
The book value of an old machine is always considered an opportunity cost in a decision.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Commercial finance companies usually charge a higher interest on secured short-term loans than commercial banks because the finance companies generally ends up with higher-risk borrowers. 2. The interest rate charged on secured short-term loans is always equal to the rate on unsecured short-term loans 3. The outright sale of accounts receivable at a discount in order to obtain funds is called pledging accounts receivable. 4. One advantage of factoring accounts receivable is the ability it gives a firm to turn accounts receivable immediately into cash without having to worry about repayment. 5. The higher cost of unsecured as opposed to secured borrowing is due to the greater risk of default.