Which of the following statements is false?
A) Debenture bonds are secured liabilities
B) Debenture bonds are issued based upon the credit rating of the company
C) A company must have a long history of profitability to issue debenture bonds.
D) A company must have strong positive cash flows to issue debenture bonds.
A
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According to the 2015 Index of Economic Freedom compiled by the Heritage Foundation, Hong Kong is ranked as having the highest degree of economic freedom
Indicate whether the statement is true or false
According to Michael Porter, access-based positioning occurs when a company ________
A) satisfies a broad set of needs of all the customers in a wide segment B) limits its product offering in order to minimize its prices C) uniquely or preferentially reaches a specific market D) focuses on the cost leadership generic strategy alone
Which of the following occurs if a withdrawing partner receives assets worth more than the book value of his or her equity?
A) an increase in the remaining partners' capital accounts B) no change to the remaining partners'; capital accounts C) a premium to existing partners D) a bonus to the withdrawing partner
Which of the following statements about scrap and by-products is false?
a. Neither of the items has a sales value. b. By-products have a higher sales value than scrap. c. Both items have sales value. d. Both items are incidental outputs to the joint process..