___________________ are key relationships and commitments among organizations that provide value-added products, programs, and services no one organization can provide alone.
a. Processes
b. Partnerships
c. Measurements
d. Controls
b. Partnerships
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An expression of the amount of each item in a statement as a percentage of some designated total for comparative purposes is called vertical analysis
a. True b. False Indicate whether the statement is true or false
Rob is currently considering investing in municipal bonds that earn 4 percent interest or taxable bonds issued by Dell Computer that pay 6.5 percent. If Rob's tax rate is 20 percent, which bond should he choose? Which bond should he choose if his tax rate is 30 percent? At what tax rate would he be indifferent to the municipal bond or to the corporate bond? What strategy is this decision based upon?
What will be an ideal response?
A buyer in the ordinary course of business can take goods free of any security interest created by the seller of the goods unless the security interest is perfected, under the UCC.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT?
a. The maximum federal tax rate on personal income in 2014 was 50%. b. Since companies can deduct dividends paid but not interest paid, our tax system favors the use of equity financing over debt financing, and this causes companies' debt ratios to be lower than they would be if interest and dividends were both deductible. c. Interest paid to an individual is counted as income for tax purposes and taxed at the individual's regular tax rate, which in 2014 could go up to 35%, but dividends received were taxed at a maximum rate of 15%. d. The maximum federal tax rate on corporate income in 2014 was 50%. e. Corporations obtain capital for use in their operations by borrowing and by raising equity capital, either by selling new common stock or by retaining earnings. The cost of debt capital is the interest paid on the debt, and the cost of the equity is the dividends paid on the stock. Both of these costs are deductible from income when calculating income for tax purposes.