________ is a type of merger in which acquiring and acquired companies have related production and/or distribution activities but do not have products that compete directly with each other.
A. Horizontal merger
B. Product extension merger
C. Vertical merger
D. Market extension merger
Answer: B
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The Federal Reserve Bank has 12 separate districts around the United States, which means it is using ______ in its organizational structure.
A. functional constituencies B. locality divisions C. site networks D. geographic divisions E. matrix regions
An example of environmental dumping is not found in the
A. nuclear waste shipments to developing nations. B. recycling and processing of Virginia garbage to yield fuel and fertilizer. C. garbage shipments from New Jersey to developing nations. D. maquiladora plants of Mexico, located near the U.S. border and operating at lower environmental standards than would be required in the U.S.
Answer the following statements true (T) or false (F)
The relationship between risk and return for diversified portfolios is modeled by the Security Market Line (SML).
Ray Patel, a local DJ, bought sound equipment from Backstage Equipment Inc and paid by three post-dated cheques of $10,000 each. Backstage took out a loan for $30,000 and endorsed the cheques to its bank as security for the loan
The equipment totally failed and Patel wants to stop payment against the bank. Will he be successful? A) Yes, because the equipment did not work. B) Yes, if he put a stop payment before the due dates on the cheques C) No, because the bank is a holder in due course. D) No, because the bank actually lent $30,000 to Backstage. E) No, because the bank has a loan agreement with Backstage.