A complicated financing arrangement, whereby firms sell batches of receivables to a legally separate entity whose sole purpose is to hold the receivables and issue claims on their cash flows. The process is referred to as _____ of the receivables
a. consolidation
b. transformation
c. hypothecation
d. securitization
e. credit enhancement
D
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________ means that a general hearing was held on the person's mental competency, and the court determined that the person was of unsound mind and appointed a guardian or conservator of the person's estate.
A. Incapacitation B. Ratification C. Emancipation D. Adjudication
Webster, Inc has received a bid for 14,000 units
The costing estimates show that the average cost per unit for this bid will be $500. The company uses cost-based pricing and adds 20% markup to total costs. What total price will Webster ask for the entire order? A) $8,400,000 B) $7,000,000 C) $1,400,000 D) $5,600,000
Which of the following statements about yearly renewable term insurance is (are) true? I. It requires evidence of insurability for renewal. II. It is most appropriate when an insured needs lifetime protection
A) I only B) II only C) both I and II D) neither I nor II
There are several forms of system storage, including RAM, cache, video RAM, ROM, and CMOS. Of these, ____ has the largest capacity.
A. RAM B. cache C. ROM D. CMOS