General obligation bonds of state and local governments are:
a. backed by revenue from public facilities such as sports stadiums.
b. backed by the taxing power of state and local governments.
c. usually used to finance transfer payments.
d. usually used to finance capital expenditures.
e. both (b) and (d)
e. both (b) and (d)
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What is the first step in preparing pro forma financial statements?
a. Project operating revenues. b. Project operating expenses other than the cost of financing and income taxes. c. Project the assets required to support the level of projected operating activity. d. Project the financing (liabilities and contributed capital) required to fund the level of assets. e. Project the cost of financing the debt, income tax expense, net income, dividends, and the change in retained earnings.
A primary goal of a marketing effort is to
A) withhold the supply of a product in order to overstimulate demand and boost prices. B) defend a firm's product lines against consumer activism. C) differentiate a product from its competition in the minds of consumers. D) train salespeople in ways to appear more credible. E) launch products without conducting research and development.
Machine Corporation requires its employees to have a high school diploma, claiming a definite connection between a high school edu-ca-tion and job performance. In a suit against Machine Corporation under Title VII of the Civil Rights Act, this requirement is shown to have a discriminatory effect. The employer has
a. no defense. b. a bona fide occupational qualification defense. c. a business necessity defense. d. a seniority systems defense.
An insurance policy that covers losses from different types of damage is called a(n) ____________________ policy
Fill in the blank(s) with correct word