If one has the right to occupy a piece of property until their death, at which point title to the property passes to heirs who have been named by the owner of the property, there is a:
a. fee simple absolute b. joint tenancy
c. tenancy in common d. residual interest
e. none of the other choices
e
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A company with working capital of $720,000 and a current ratio of 2.2 pays a $125,000 short-term liability. The amount of working capital immediately after payment is
a. $845,000 b. $595,000 c. $720,000 d. $125,000
A promissory note may be interest bearing or non-interest bearing
Indicate whether the statement is true or false
Demographic forces are part of the __________ environment of organizations.
a. internal b. mechanical c. controllable d. task e. general
Bonds that contain a provision that allows the holders to exchange the bonds for other securities of the issuing corporation are called
a. debenture bonds. b. secured bonds. c. callable bonds. d. convertible bonds.