If the net present value (NPV) of an investment is zero, then the internal rate of return (IRR) is:
A) less than the discount rate.
B) more than the discount rate.
C) equal to the discount rate.
D) negative.
C
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GAAP requires that all derivative financial instruments be reported at their
A) ?historical cost. B) ?fair value. C) ?present value. D) ?par value.
Executives at Acme Global display their awards and certificates prominently in their offices. This demonstration of their achievements is part of the ______ level of culture.
A. behavior B. values and beliefs C. assumptions D. formal
______ is a series of policies, programs, and initiatives that have been instituted by various entities within both government and the private sector that are designed to prefer hiring of individuals from protected groups in certain circumstances, in an attempt to mitigate past discrimination.
A. Diversity B. Affirmative action C. EEO D. Innovation
Bernice is an underwriter. She is reviewing a commercial crime coverage application. The coverage will be written using the discovery form
Bernice is concerned that a large undiscovered loss may exist prior to the policy's inception date. Which provision should Bernice add to the policy to protect the insurer against liability for such previous losses? A) extended reporting endorsement B) loss sustained during prior insurance provision C) waiver of inventory provision D) retroactive date endorsement