If the value of the secured interest is less than the value of the collateral securing a loan, the secured creditor is a(n) ________
A) undersecured
B) oversecured
C) in default
D) exempt from Chapter 7 bankruptcy
B
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In their business partnership, George has an ownership interest of 55% and Ben has an ownership interest of 45%. In the current year, they purchase equipment for $9900. In order to finance the equipment purchase, George makes a cash contribution of $7400 and Ben makes a cash contribution of $2500 to the partnership. Based on the information provided, which of the following is TRUE regarding the partnership balance sheet?
A) Both George, Capital and Ben, Capital will increase by $9900. B) George, Capital will increase by $7400 and Ben, Capital will increase by $2500. C) George, Capital will increase by $9900 and Ben, Capital will remain unchanged. D) George, Capital will increase by $5445 and Ben, Capital will increase by $4455.
Which of the following statements about listening is most likely true?
A. Listening refers to the process of trying to detect sounds B. Salespeople often believe that their job is to listen rather than to talk C. People can talk approximately twice as fast as they can listen D. Listening is vital to success in selling E. Visual aids play no part in the listening process
Peter Drucker developed the _____________,which involves the decision maker’s ability to look at his or her reflection after the decision had been made and state that he or she had made the right choice.
a. Historical test b. Cycle test c. Subjective test d. Mirror test
A stock dividend is a payment of shares to current shareholders in which the payment is less than 50% of the current shares held
Indicate whether the statement is true or false.