In the context of an acquisition, the firm that is purchased by another firm is called the _____.

A. acquiring firm
B. target firm
C. licensee
D. franchise


Answer: B

Business

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If you are writing a business letter to someone you know well, it is acceptable to use his or her first name in the salutation

Indicate whether the statement is true or false.

Business

Authoritative guidance requires firms that account for notes and bonds using the _____ market interest rate to report the carrying values, or book values, on the balance sheet and to disclose the _____ of these notes and bonds in notes to the financial statements

a. average; historical market interest rates b. historical; future value c. current; future value d. historical, fair value e. current; historical market interest rates

Business

The following sentence could serve as an effective opening for a message of thanks: Thanks, Lyndsay, for hosting our class last Friday evening at your lovely home

Indicate whether the statement is true or false

Business

In the case _____, the First Circuit Court of Appeals rejected a challenge to President George W. Bush's decision to wage war on Iraq

Fill in the blanks with correct word

Business