________ are investment advisory firms that rate the quality of corporate and municipal bonds in terms of probability of default
A) Financial institutions
B) Credit-rating agencies
C) Securities companies
D) none of the above
B
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Carrying value is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
To become ISO 9000 certified, organizations must:
A) document quality procedures. B) have an onsite assessment. C) have an ongoing series of audits of their products or service. D) all of the above E) none of the above
Which of the following is not true about auctions?
a. The UCC provides that if an auction sale is advertised or announced in explicit terms to be with reserve, the auctioneer may not withdraw the article put up for sale unless no bid is made within a reasonable time. b. Unless an auction is advertised as being without reserve, the sale is with reserve. c. Whether an auction is with or without reserve, a bidder may retract his bid at any time prior to acceptance by the auctioneer. d. If the auctioneer knowingly receives a bid on behalf of the seller and notice has not been given that the seller reserves the right to bid at the sale, the bidder to whom the goods are sold can avoid the sale.
A valid will may be automatically revoked by a change in family status
Indicate whether the statement is true or false