What is off-balance-sheet financing? Define the term and provide at least two examples.
What will be an ideal response?
Off-balance-sheet financing exists when a company enters into an obligation or commitment and does not
record the transactions as a liability in the accounts. Clever wording of the contract or the nature of the
obligation can allow the entity to flout the definition of a liability. Examples include leases, endorsements
on discounted notes, the guarantee of the obligation of another company, letters of credit, repurchase
agreements, commitments to purchase at fixed prices, commitments to sell at fixed prices, and certain
kinds of stock options.
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Corporate social responsibility (CSR) refers to a company's obligation to pursue goals and policies that are in a company's best interest
Indicate whether the statement is true or false
________ is a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of each gain to employees.
A. Group bonus B. Commission sharing C. Merit rate D. Profit rate E. Gainsharing
Discuss the connection between a résumé and a cover letter
What will be an ideal response?
Why are ratios useful?