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

Business

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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

Business

A promissory note may be interest bearing or non-interest bearing

Indicate whether the statement is true or false

Business

Demographic forces are part of the __________ environment of organizations.

a. internal b. mechanical c. controllable d. task e. general

Business

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.

Business