Controlling shareholders have no fiduciary responsibility to minority shareholders
a. True
b. False
Indicate whether the statement is true or false
False
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________ portrays the "whole person" interacting with his or her environment
A) Attitude B) Personality C) Lifestyle D) Self-concept E) Subculture
A company is expanding and has already signed a lease on new office space that costs $10,000 per
month. The company also needs a new information system and hired a consultant to recommend new software. The consultant was paid $5,000 for her recommendation. Now the company is trying to make a choice between three competing software products. In the capital budgeting decision to purchase new software, the monthly rent for the office space is ________ and the consultant's fee is ________. A) a sunk cost; a sunk cost B) a sunk cost; a part of the initial outlay C) an opportunity cost; a sunk cost D) incremental cash outflow; an opportunity cost
Which of the following statements is CORRECT?
A. The present value of a 3-year, $150 ordinary annuity will exceed the present value of a 3-year, $150 annuity due. B. If a loan has a nominal annual rate of 8%, then the effective rate will never be less than 8%. C. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different. D. The proportion of the payment that goes toward interest on a fully amortized loan increases over time. E. An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%.
If a provision in an insurance policy is ambiguous: A) it is interpreted in favor of the insurer because the insured could have rejected the policy
B)it is interpreted against the insurer. C)parol evidence is admitted to show what was intended. D)the policy is declared void and the insurer is required to return all premiums to the insured.