An informal line of credit and a revolving credit agreement are similar except that the line of credit creates a legal obligation for the bank and thus is a more reliable source of funds for the borrower.
Answer the following statement true (T) or false (F)
False
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Some cash equivalents appear in the long term investment section of a balance sheet
a. True b. False Indicate whether the statement is true or false
If a leader and follower share similar interests and even spend some time together outside of the work organization, this could lead to a(n) ______.
a. economic or productivity exchange b. tangible exchange c. in-group relationship d. out-group relationship
Which of the following categories of investments can be both debt and equity securities?
A) Available-for-sale securities B) Trading securities C) Held-to-maturity securities D) Both available-for-sale and trading securities
In terms of product liability, a strict liability in tort standard is applied when there is a ________
A) misrepresentation in an advertisement B) false statement made by the seller C) product that was defective when it was sold D) substandard degree of care exercised by the manufacturer