A(n) ________ is a one-page document on letterhead that introduces the business plan and owner to the recipient and indicates why the recipient is being asked to read the plan.
A. appendix
B. executive summary
C. cover letter
D. title page
Answer: C
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Bonds payable to whoever holds them are called ________ bonds.
Fill in the blank(s) with the appropriate word(s).
________ takes place when the occurrence of X increases the probability of the occurrence of Y
A) Probability B) Causality C) Reliability D) Validity E) True scores
Which of the following statements is CORRECT?
A. If the risk-free rate rises, then the market risk premium must also rise. B. If a company's beta is halved, then its required return will also be halved. C. If a company's beta doubles, then its required return will also double. D. The slope of the security market line is equal to the market risk premium, (rM? rRF). E. Beta is measured by the slope of the security market line.
Assuming that the number of units produced is less than the number of units sold, which of the following statements is true when comparing net operating income using absorption and variable costing?
A) Absorption costing will yield a higher net operating income. B) Variable costing will yield a higher net operating income. C) Net operating income will be the same under both methods. D) The sales price per unit will be less using absorption costing.