When there is a breach of an underlying contract for which an instrument was issued, the drawer of a check can order his or her bank to stop payment on the check
Indicate whether the statement is true or false
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Which of the following events would be classified as an investing activity on a statement of cash flows?
A) payment of interest on a loan B) receipt of cash dividends on an available-for-sale investment C) purchase of inventory D) sale of an office building at a gain
A proposal must only provide information; it need not motivate your audience to act
Indicate whether the statement is true or false.
Which statement is false?
A. Feelings of tension are always part of negotiations. B. To project confidence, roll up your shirt sleeves and loosen your collar. C. Gaining a sense of the other party’s culture is a key for success. D. Enter negotiations knowing what is reasonable to expect.
Which of the following statements is most CORRECT?
A. Tax considerations often play a part in mergers. If one firm has excess cash, purchasing another firm exposes the purchasing firm to additional taxes. Thus, firms with excess cash rarely undertake mergers. B. The smaller the synergistic benefits of a particular merger, the greater the scope for striking a bargain in negotiations, and the higher the probability that the merger will be completed. C. Since mergers are frequently financed by debt rather than equity, a lower cost of debt or a greater debt capacity are rarely relevant considerations when considering a merger. D. Managers who purchase other firms often assert that the new combined firm will enjoy benefits from diversification, including more stable earnings. However, since shareholders are free to diversify their own holdings, and at what's probably a lower cost, research of U.S. firms suggests that in most cases, diversification through mergers does not increase the firm's value. E. Research of U.S. firms suggests that managers' personal motivations have had little, if any, impact on firms' decisions to merge.