Which one of the following is a municipal bond that is secured by the income collected from a specific project?
A. general obligation bond
B. agency bond
C. contingency bond
D. revenue bond
E. development bond
Answer: D
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Comment on the following statement: "Legacy systems use flat file structures."
Returns on systematic risk-free securities (like U.S. Treasury securities) should exhibit what type of correlation with returns on a diversified marketwide portfolio of stocks?
a. nearly perfect correlation. b. perfect correlation. c. no correlation. d. Unable to tell without specifics about the portfolio.
Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012 2,000,326 Cost of Goods Sold, 2011 1,000,120 Inventory, beginning of 2012 341,169 Inventory, end of 2012 376,526 The merchandise inventory turnover for 2012 is:
a. 5.6. b. 15.6. c. 7.5. d. 7.7. e. 5.2.
Prior to the introduction path–goal theory, studies of leadership examined leaders and, to a lesser extent, followers. What new element did path goal theory introduce to the study of leadership?
What will be an ideal response?