Non-current liabilities are initially measured at:
a. face value.
b. present value based on current interest rates.
c. present value plus stated interest.
d. book value.
ANSWER: B
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Which of the following is a possible drawback of a bank run??
A. ?It leaves the banks with excess reserves. B. ?It leads to a fall in investment activities because of lack of loans available to business firms. C. ?It leads to a fall in the demand for loans by the business firms. D. ?It leads to an excessive increase in the supply of money by the banks.
______ are monetary damages awarded by the court that are designed to punish an injuring party that has intentionally inflicted harm on others.
A. Undue hardship B. Affirmative actions C. Reasonable damages D. Punitive damages
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Answer the following statement true (T) or false (F)
The cost associated with the shortest possible duration for a project activity is referred to as the?
a. Reduced cost b. Shortest cost c. Crash cost d. Activity cost