A firm entering into a currency or interest rate swap agreement holds no responsibility for the timely servicing of its own debt obligations since that responsibility now is born by the second party to the contract
Indicate whether the statement is true or false.
Answer: FALSE
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Prior to the economic crisis of 1997-1998, the South Korea's "chaebol" had become bloated and heavily in debt
Indicate whether the statement is true or false
The Sarbanes-Oxley Act:
A. decreases the penalties for conscious law breaking. B. decreases the likelihood of detection and prosecution of illegal behavior. C. adopts the theory of allocational efficiency, under which the primary objective of a business corporation is to maximize profits. D. broadly defines obstruction of justice and makes obstruction of audit work papers a felony.
The margin of safety is the excess of:
A. Break-even sales over expected sales. B. Fixed costs over expected sales. C. Expected sales over fixed costs. D. Expected sales over variable costs. E. Expected sales over break-even sales.
You are the HR Manager foryour company. One of your employees has been actively involved in demonstrations at City Hall, protesting the city's refusal to adopt any environmentally-friendly ordinances or practices. While at these protests, he is often wearing a company T-shirt, and you are concerned that news reports of the demonstrations will lead people to conclude that your company is
protesting the city's environmental policies, something which your Board of Directors has not authorized. You should: a. give the employee a "warning," the firs step in your employee handbook's progressive discipline process, warning him that he must stop protesting b. tell the employee that you do not approve of his conduct, and that it will be taken into account when he comes up for a raise of promotion c. ask the employee to wear some other shirt while protesting, so that people don't think your company is also protesting d. terminate the employee e. a and b