_______ build goodwill by recognizing someone else's achievements or important events
A) Thank-you messages
B) Congratulatory messages
C) Condolences
D) "For-your-information" messages
E) Confirmation messages
Answer: B
Explanation: B) A congratulatory message is sent to recognize someone's achievements or important events. These events could be professional or personal.
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A recession and contraction of the economy tends to reduce consumer confidence.
Answer the following statement true (T) or false (F)
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2 Gant paid $3,600 on accounts payable. Which of the following statements is not true?
A. Gant's working capital will remain the same. B. Gant's quick ratio will increase. C. Gant's current ratio will increase. D. Gant's quick ratio will increase and its current ratio will decrease.
Discuss risk reduction through diversification
What will be an ideal response?
Which of the following securities is likely to have the most credit risk?
A) Commercial paper B) A high yield (junk) bond C) Collateralized mortgage bond consisting of 50% sub-prime mortgages D) There is not enough information to decide between A, B and C.