Which of the following did NOT occur during the Great Recession?
A) Homeowners lost wealth.
B) Banks lost capital.
C) Foreclosures decreased.
D) Unemployment increased.
E) Consumer demand decreased.
Answer: C
Explanation: C) Foreclosure rates increased significantly as homeowners could not meet their mortgage debt obligations.
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An informal appraisal is used when a system is in place to report managerial observations and assessment of employee performance.
Answer the following statement true (T) or false (F)
When bonds have been issued at a discount the periodic amortization of the discount will
A) increase the carrying value of the bonds. B) have no effect on the carrying value of the bonds. C) decrease the carrying value of the bonds. D) cause the carrying value always to equal the face value of the bonds.
Which is true in today's workplace?
A. Tools are becoming so advanced that fewer people are needed on the service desk. B. Service desks are merging with application development areas. C. There is almost an irreversible dependence on technology. D. Due to complexity of technology, customers expect to pay more for support.
The most common way to acquire personal property is by producing it.?
Indicate whether the statement is true or false