The chartering process is especially designed to deal with the ________ problem, and restrictions on asset holdings help to reduce the ________ problem
A) adverse selection; adverse selection
B) adverse selection; moral hazard
C) moral hazard; adverse selection
D) moral hazard; moral hazard
B
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The owner of a hot dog stand receives a loan of $3,750 at 8.25% for 9 months. Find the amount of simple interest.(Round to the nearest cent)
A. $320.63 B. $232.03 C. $489.65 D. $232.00
Tropical Co declared a cash dividend of $30,000 . The entry includes a(n)
a. decrease to Cash of $30,000. b. increase to Retained Earnings of $30,000. c. decrease to Retained Earnings of $30,000. d. decrease to Cash Dividend Payable of $30,000.
Interest on a 180-day, 10 percent, $10,000 note receivable is
A) $5,001.54. B) $576.76. C) $493.15. D) $2001.26.
Both a manufacturers' agent and an industrial distributor may be used when the organizational marketer wishes to cover a larger geographic area but does not maintain a sales force.
Answer the following statement true (T) or false (F)