Call provisions will be exercised when interest rates ________ and bond values ________
A) rise; rise
B) fall; rise
C) rise; fall
D) fall; fall
B
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Which transformational leadership component does the following characteristic of inclusive leadership link to: motivating and inspiring everyone to actively participate in the organizational activities?
a. inspirational motivation b. individualized consideration c. intellectual stimulation d. idealized behavior
An S corporation cannot have more than one class of stock
a. True b. False Indicate whether the statement is true or false
Amy purchased a life insurance policy with the intent of committing suicide to pay all the debts that were burdening her family
If she commits suicide 9 months after the policy is purchased, and the insurer is able to prove that her death was a suicide, how much will be paid by the insurance company? A) nothing, because the policy is void B) the premiums paid for the policy C) the policy's cash value D) the face value of the policy
Garland uses the family room of his home for his business. The children share his computer for their homework and games. The family room also contains the TV and homework space for the children. The IRS is likely to disallow his deduction for this space because:
A. a separate space must be clearly set aside for the sole use of the business. B. his business did not generate enough income to qualify as a real business. C. no deduction is allowed for space in the home used for a business. D. the IRS designates any home-based business as a hobby and hobby expenses are not deductible.