Bonds are ________
A) a series of perpetual short-term debt instruments
B) a form of equity financing that pays interest
C) long-term debt instruments used to raise large sums of money
D) a hybrid form of financing used to raise large sums of money from a diverse group of lenders
C
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What are the major functions of the Federal Trade Commission (FTC) and what power does the FTC have?
An accounting firm realizes it is woefully inadequate at cultivating new clients. It is allowed to observe a rival firm perform the new-client cultivation process in hopes of gleaning improved methods it can adopt. This is an example of:
A) competitive benchmarking. B) functional benchmarking. C) internal benchmarking. D) generic benchmarking.
Which of the following is contained in a complaint?
a. A statement of the remedy the plaintiff is seeking. b. A list of the possible defenses that can be conveniently raised by the defendant. c. A certification by the county magistrate that the case has merit. d. A listing of the case or statutory authority upon the case is based.
Train collectors Jack McCoy and Sandro Dias have decided to open a store that sells train memorabilia--everything from toy train sets to full-sized railroad signs. After 18 months in business, they have noticed most of their sales are to the same small group of customers (about 40 people) even though they have records to show there are over 200 active train collectors within a 50-mile radius of their store. Their retailing experience is supportive of the:
A. optimizer principle B. min-max rule C. majority fallacy D. rule of demand E. 80/20 principle