Which type of business ownership has limited liability? A) Sole proprietors B) General partners C) Shareholders of a corporation D) None of the above ANSWER C
Date: September 19th, 2020
Liquid assets are less risky than investment assets. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
XYZ Insurance Company markets a wide range of coverages. One type of coverage provides monetary compensation if a bonded party fails to perform certain acts. This coverage is called A) property insurance. B) liability insurance. C) a fidelity bond. D) a surety bond. ANSWER Answer: D
Date: September 19th, 2020
A cashier at Food World Supermarket accepted a phony $100 bill. Which ISO commercial crime coverage is designed to cover such a loss? A) Forgery or Alteration B) Money Orders and Counterfeit Currency C) Inside the Premises—Theft of Money and Securities D) Inside the Premises—Robbery or Safe Burglary of Other Property ANSWER Answer: […]
Date: September 19th, 2020
Even though many U.S. companies, including General Electric, IBM, Walt Disney, and American Express, have successfully restructured their operations to expand internationally, not many foreign firms have made their mark in the United States. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
During the period 1990 to 2014, the average yield on 3-month U.S. Treasury bills was 3.04%, the average inflation rate was 2.64%, the average yield on 30-year Treasury bonds was 5.49%, and the average return on 30-year Aaa-rated corporate bonds was 6.35%. The real risk-free short-term interest rate is A) 2.13%. B) 2.97%. C) 0.40%. […]
Date: September 19th, 2020
In addition to the information contained in Table 4-4, you know that the current ratio for 2010 is 4 and that the corporation paid $11,600 in dividends in 2010. What is Wes Donnell’s cash balance for 2010? A) $6,500 B) $2,500 C) $4,000 D) $13,600 ANSWER C
Date: September 19th, 2020
Appliance World sells small appliances. The store purchased an ISO crime coverage policy. Last night, someone used a crowbar to pry open a locked door, leaving marks of forced entry. The thief took a number of appliances. The crime that occurred in this case is called A) burglary. B) shoplifting. C) larceny. D) robbery. […]
Date: September 19th, 2020
Due to unstable world markets, most large U.S. corporations do almost all of their business in the United States. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Explain why large and growing firms tend to choose the corporate form. What will be an ideal response? ANSWER The advantages of the corporation begin to dominate as the firm grows and needs access to the capital markets to raise funds. Because of the limited liability, the ease of transferring ownership through the […]
Date: September 19th, 2020
