Standard and Poor's rates bonds with respect to default risk

Indicate whether the statement is true or false


TRUE

Business

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U.S. GAAP and IFRS require firms to account for debt securities designated as held to maturity at _____ except that they are also subject to _____. That is, firms do not recognize increases in fair value (unrealized gains) but might recognize decreases in fair value(unrealized losses)

a. amortized cost; impairment b. present value; depreciation c. net realizable value; impairment d. amortized cost; destruction e. net realizable value; depreciation

Business

A diamond in a material flow map would best represent?

a. A machine b. A quality inspection that may result in a product being reworked c. A holding area for WIP inventory d. The end of an assembly line

Business

Fiduciary duty in a partnership context best translates as:

A) You must put the other partners' interests ahead of your own. B) Each partner must watch out for her own interests. C) Every partner for himself. D) You must act honestly E) Both B and C

Business

When selecting new equipment and technology, decision makers look for flexibility—the ability to respond with little penalty in time, cost, or customer value

Indicate whether the statement is true or false

Business