Collateral is the one term in a debt instrument that always must be specified
a. True
b. False
Indicate whether the statement is true or false
False
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The trading-triangle concept is used to indicate a nation's
a. exports, marginal rate of transformation, and terms of trade. b. imports, terms of trade, and marginal rate of transformation. c. marginal rate of transformation, imports, and exports. d. terms of trade, exports, and imports.
Under the indirect method, an increase in accounts payable is:
a. added to the net income to arrive at the net cash inflow from financing activities. b. not reported in the statement of cash flows. c. added to the net income to arrive at the net cash inflow from operating activities. d. subtracted from the net income to arrive at the net cash inflow from operating activities.
Which of the following statements describes the moral theory of utilitarianism?
A) People must choose the action or follow the rule that provides the greatest good to society. B) People must follow actions that are in accordance with a specific ethical rule or principle from a religious text. C) People must choose to follow actions of a virtuous person. D) People must follow actions based on moral duties imparted by one's community.
Marketers define customer value as
A. selling a product regardless of whether or not it meets a customer's needs and/or wants. B. the ability to provide a product at the lowest possible price after covering all production expenses. C. the perceived benefits, both monetary and nonmonetary, that customers receive from a product compared with the cost associated with obtaining it. D. being able to sell products that generate little to no customer returns or complaints. E. providing a product or a service to a customer such that he or she will purchase that same product or service again in the future.