The rights and remedies of secured parties are not cumulative—if a creditor is unsuccessful in enforcing rights by one method, he or she cannot pursue another method
Indicate whether the statement is true or false
F
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The documentation with the bank statement shows a debit memo for bank service charges. Based on this, what possible entry would be made in the company's accounts?
a. debit Miscellaneous Administrative Expense; credit Cash b. debit Cash; credit Other Income c. debit Cash; credit Accounts Payable d. debit Accounts Payable; credit Cash
Cultural awareness and ______ are essential for effective leadership in the context of diversity.
a. awareness *b. competence c. interest d. concern
The 7 tests of just cause in an employee disciplinary action include all of the following except:
A. Whether the rule or procedure that was violated was reasonably related to employee performance. B. Whether a thorough and fair investigation was conducted. C. Whether the worker was given adequate notice of the disciplinary infraction and its consequences. D. Whether guilt has been proved beyond a reasonable doubt.
A firm's optimal capital structure is the combination of debt financing and equity financing that ______.
A. maximizes its expected earnings per share (EPS). B. simultaneously maximizes its EPS and minimizes its weighted average cost of capital (WACC). C. minimizes its cost of equity, which is a necessary condition for maximizing the firm's stock price. D. simultaneously minimizes its cost of debt, its cost of equity, and its WACC. E. maximizes its stock price.