When debt is used to finance the purchase of assets, the term or time span of the debt should always be shorter than the lifespan of the assets.
Answer the following statement true (T) or false (F)
False
Effective financial management principles dictate that asset purchases should be financed over a time span about equal to the expected lives of the assets. Long-lived assets should be financed with long-term liabilities.
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In which of the following ways does utilitarianism differ from cultural relativism?
a. A utilitarian might take an action if it benefits only the minority, while a cultural relativist would seek to benefit the majority. b. Utilitarians think of fewer people when considering the consequences of an action. c. A utilitarian would consider the norms of the larger society as an important source of ethical thinking. d. A utilitarian would not consider the mere existence of a law as a reason to follow it.
What is knowledge?
A. Raw facts that describe the characteristics of an event or object. B. Skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources. C. Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. D. Data converted into a meaningful and useful context.
The Alien Tort Statute allows foreigners to
A. file claims against other foreign nationals for violation of U.S. EEOC law. B. file claims in U.S. courts for violations of international law that may have occurred beyond the U.S. borders. C. file claims in U.S. courts for alleged violations of foreign laws. D. sue in the U.S. courts for residency in the U.S.
The assumption that the actions of the corporation are desirable, proper, or appropriate within the limits of the corporation is called _______________.
a. Power b. Legitimacy c. Urgency d. Reliability