Albert just purchased a $1,000, 5.4%, 10-year bond when he heard about his friend Charlie who just bought a similar bond at $1,000; 9.5%, 10-year bond. What kind of risk did Albert just experience?
A) Interest rate
B) Market
C) Financial
D) Business
Answer: A
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Revenue is recognized when:
A) it has been earned and is realized or realizable B) a company has satisfied its performance obligation to the customer C) a seller collects cash from a customer D) a company bills the customer for the goods that have been delivered or the services performed.
Which of the following is not a potential pitfall of a focus strategy?
A. Product/service offerings that are highly focused are subject to competition from new entrants. B. Erosion of cost advantages can arise within the narrow segment. C. All rivals share a common input or raw material. D. Focusers can become too focused to satisfy buyer needs.
There are approximately how many commercial banks in the United States currently?
A) 5,000 B) 6,200 C) 1,000 D) 1,250
If A and B are independent events with P(A) = .05 and P(B) = .65, then P(A | B) = _____
a. .05 b. .0325 c. .65 d. .8