Which of the following types of bonds may the buyer sell back before maturity?
A) Callable bond
B) Putable bond
C) Convertible bond
D) Zero-coupon bond
Answer: B
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Under the doctrine of cy pres, when the settler has not specifically provided for a substitute beneficiary, the:
A. trust will automatically fail. B. court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention. C. original beneficiaries can use the property for a charitable purpose. D. court will direct that the property be handed over to the government for administrative purposes.
Which of the following statements about the growth of diversity in the Americas and the United States is accurate?
a. All of the Americas’ transformation from indigenous to nonindigenous population occurred through waves of new immigrants seeking to improve their living conditions. b. Early European national colonies welcomed only their own nationals for settlement. c. The 1800s were marked primarily by growth of native populations with very little immigration. d. The 1800s saw very little increase in the religious diversity.
The duties of the buyer include all of the following except:
a. acceptance of conforming goods. b. payment for conforming goods. c. delivery of the documents of sale to the seller as a tender of goods. d. notifying the seller of rejection of non-conforming goods within a reasonable time.
Campaign Services hired a new accounting manager. He signed a contract for a new accounting information system, but his position did not specify whether he was authorized to do so or not
In the above situation, which internal control procedure needs strengthening? A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents