A ________ is a negotiable instrument issued by a bank that represents a foreign company's publicly traded securities and that, in turn, is traded on a local securities exchange
A. bill of exchange
B. banknote
C. promissory note
D. depository receipt
D
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Which of the following conditions does not favor the use of a sample (Table 11.1 in the text)?
A) There are budget and time limit constraints. B) The population is large. C) The cost of nonsampling errors is high. D) The cost of sampling errors is high.
Companies that pursue a leading strategy ______.
a. increase their capacity in anticipation of future increase in demand b. increase their capacity in anticipation of future decrease in demand c. increase their capacity to avoid waste of excess raw materials that they already have d. decrease their capacity in anticipation of future increase in demand
On January 1, 2017, Finch Company issued $74,000 of five-year, 8% bonds when the market interest rate was 12%. The issue price of the bonds was $62,000. Finch uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round your answer to the nearest dollar number.)
A) $2,480 B) $3,720 C) $2,960 D) $4,440
The simplest form of franchising is known as:
a. business format franchising b. product/trade name franchising c. capitalistic franchising d. brand franchising e. service franchising