Which of the following liabilities would be considered nonrecourse?
a. A bank loan for which the taxpayer is personally liable.
b. Credit card debt.
c. A $20,000 real estate loan which allows the bank to take the real estate if the taxpayer stops making payments on the loan.
d. All of the above are nonrecourse liabilities.
c
You might also like to view...
The audit committee is directly responsible for the appointment, compensation, and oversight of the work of any accounting firm employed by a public company.
Answer the following statement true (T) or false (F)
The reliability and responsiveness measures of SERVQUALdeal with service outputs (how well and promptly the service was performed)
Indicate whether the statement is true or false
Which of the following is NOT a way for technology to support teamwork?
a. Helps teams resolve conflicts b. Helps team members communicate both internally and externally c. Helps teams process information d. Gathers and presents information
In a scenario where the market is not showing any signs of growth, what is the likely role of sales promotion?
A. It will provide a competitive advantage to the company. B. It will reduce the selling costs of firms. C. It will encourage deal-prone customers to switch between brands. D. It will result in long-term brand loyalty toward the firm. E. It will contribute to long-term profits.