A company's income before interest expense and income taxes is $350,000 and its interest expense is $100,000. Its times interest earned ratio is:
A. 1.75
B. 0.50
C. 3.50
D. 2.50
E. 0.29
Answer: C
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Which of the following is a buyer benefit that could be used by a person selling automobile tires?
A) steel belted B) service in all fifty states C) 30,000-mile rating D) manufactured in the U.S.A. E) greater driving safety
JK motors is the leader in the automobile industry, and so it should use comparative advertising to reach its audience.
Answer the following statement true (T) or false (F)
George, John, Paul, Ringo, and Brian are five friends from Iowa. George owes John $100, John owes Paul $200, Paul owes Ringo $300, and Ringo owes Brian $400. John and Paul find a check belonging to George
John names himself as the payee on the check, fills in $200 as the amount, and forges George's signature on it. He indorses the check to Paul and asks him to consider his debt repaid, while keeping the knowledge of the forgery to himself. Paul, in turn, indorses the check to Ringo and pays Ringo the remaining $100 in cash. Predictably, Ringo indorses the check to Brian, who presents the check to George's bank and receives payment. Who among the following can the bank recover the money from, once the forgery is detected? A) George B) Paul C) Brian D) Ringo
______ theories of leadership emerged after a change in the assumption that leaders are born to the notion that leaders could be developed.
A. Trait B. Contingency C. Implicit D. Behavioral