A provision in a promissory note payable one year from its date that the maker may extend the maturity date six months impairs the note's negotiability

a. True
b. False
Indicate whether the statement is true or false


False

Business

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As a result of his last performance appraisal, Deron finally got the promotion he has been seeking for 3 years. His supervisor agreed with Deron that his performance had improved and that Deron was ready to take on more responsibility. This is an example of the ______ reason for conducting performance appraisals.

A. communication B. decision-making C. motivation D. ranking

Business

Capital goods such as large or expensive machines, mainframe computers, blast furnaces, generators, airplanes, and buildings, fall under the category of ____________.

A. accessory equipment B. major equipment C. processed materials D. supplies

Business

The carrying value of bonds at maturity always equals:

A. the amount in excess of par value. B. the amount of cash originally received in exchange for the bonds. C. the par value of the bond. D. the amount of discount or premium. E. the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.

Business

Blue Rorschach Inc has an immediate requirement for 80 laptops and contracts with Zenzo Electronics for 80 Dell laptops at $550 each. However, Zenzo Electronics breaches the contract and fails to deliver the laptops

Blue Rorschach then immediately contracts Dell Computers, buys 100 laptops at $600 per laptop and then sues Zenzo Electronics for the breach of contract. What is the amount of legal damages that Blue Rorschach can recover from Zenzo because of the breach of contract? A) $4,400 B) $5,000 C) $4,000 D) $44,000

Business