An accommodation party on a negotiable instrument
a. typically receives a direct benefit from the instrument.
b. is always primarily liable for the instrument
c. is the same as a "guarantor" under the UCC.
d. has the same liability to a holder as the person for whom he signed.
d
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When we do not get to know someone because we do not have to see that person in order to do our business, we often do not take into account the impact of our decisions on him or her. This is a challenge posed by the:
A. facelessness that results from the use of new technology accessible in the workplace. B. lack of clear boundaries between people's personal and professional lives. C. assumption by users of technology that the Internet is safe. D. knowledge gap that exists between people who understand the technology and others who do not understand it.
According to the perfect markets approach to dividend policy,
A) the firm should retain earnings so stockholders will receive a capital gain. B) the firm should pay a dividend only after current equity financing needs have been met. C) the price of a share of stock is unrelated to dividend policy. D) other things equal, the greater the payout ratio, the greater the share price of the firm.
Which of the following is true about knowledge of results?
A. It reflects the degree to which work tasks are viewed as something that "counts" in the employee's system of philosophies. B. It implies that trivial tasks tend to be less satisfying than tasks that make employees feel like they're aiding the organization in some meaningful way. C. It reflects the extent to which employees know how well (or how poorly) they are doing. D. It captures the degree to which employees feel that they are key drivers of the quality of the unit's work. E. It captures the degree to which employees feel like their efforts do not really matter because work outcomes are dictated by effective procedures.
If you purchased a 6% bond at par value and sold it 12 months plus 1 day later for $1100, the taxable income you would have realized over the two year period is
A) $100 long term capital gain. B) $160 ordinary income gain. C) $60 ordinary income and $100 short term capital gain. D) $60 ordinary income and $100 long term capital gain.