In comparison to the past, modern weapon systems ______.
a. have a less detailed statement of work
b. have a more detailed statement of work
c. are not in compliance with the Geneva Convention
d. are much less expensive
b. have a more detailed statement of work
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Which of the following statements regarding Check 21 is false?
a. It allows banks to exchange checks electronically. b. Before this system, paper checks were flown around the country from bank-to-bank to complete the check-clearing process. c. It requires that banks exchange check images. d. It significantly reduced float.
Which method of stating the facts in a legal memorandum states the facts in the order in which they occur?
a. Chronologically b. By party c. According to the elements of a cause of action d. All of the above
The return on investment ratio measures the ability of the firm to repay long-term debt using current assets.
Answer the following statement true (T) or false (F)
Equity monitoring costs are lower in the United States than in other countries because:
A. debt that corporations use in the United States consists primarily of bank loans. B. capital gains are not taxed in the United States unless they exceed some minimum amount. C. U.S. companies must comply with fairly stringent financial audit requirements. D. dividends in the United States are exempt from personal taxes; i.e., investors are not required to pay taxes on the dividends they receive. E. banks in the United States hold a significant proportion of long-term bonds (debt) issued by companies, which means they can better monitor companies' debt than can banks in other countries.