The time value of money reflects the fact that:
A. spontaneous financing is a particularly important source of financing for small businesses.
B. it is best to have money today, so it can be put to work sooner to make even more money.
C. a covenant requires the borrower to agree not to borrow any additional funds until the specified length of the current loan.
D. long-term investments are more profitable than short-term investments.
Answer: B
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Modern managers have to focus on:
A) relationships with the customer. B) transactions that are beneficial. C) increased and instantaneous profit. D) increased market share.
Reference checks, if completed during the selection process, usually have the following characteristics EXCEPT:
A. Provide information from previous companies on dates of employment and positions B. Generally only provide positive reports on the candidate C. Personal references are usually hand-picked by the candidate D. Generally will provide detailed information on previous performance E. Provide minimal information on the candidate’s background
The Second Bank of the United States was denied a new charter by
A) President Andrew Jackson. B) Vice President John Calhoun. C) President Benjamin Harrison. D) President John Q. Adams.
Defenses of insanity and intoxication in criminal cases:
a. apply to about ten percent of cases b. apply to about twenty percent of cases c. are not allowed in Class A felony cases d. are not allowed in misdemeanor cases e. none of the other choices