Finance

Prices of securities that are traded on the organized exchanges are de

Prices of securities that are traded on the organized exchanges are determined by A) a “bid” and “ask” negotiation process amongst brokers who hold these securities in their own account. B) the sellers of the securities. C) a continuous auction process reflecting the sentiments of buyers and sellers. D) the Securities Exchange Commission.     […]

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Date: September 19th, 2020

Ethical behavior A) is the fifth basic principles of finance. B) in t

Ethical behavior A) is the fifth basic principles of finance. B) in the corporate world means not breaking any laws. C) is essential in business because unethical behavior destroys trust and business relationships. D) cannot be a concern to managers who are expected to maximize shareholder value.     ANSWER C

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Date: September 19th, 2020

Which of the following statements about the Miscellaneous-Type Vehicle

Which of the following statements about the Miscellaneous-Type Vehicle Endorsement to the PAP is (are) true? I. It provides bodily injury liability coverage for any vehicle rented by the insured. II. It can be added to PAP to insurance motorcycles and motor scooters. A) I only B) II only C) both I and II D) […]

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Date: September 19th, 2020

Ken purchased a PAP with liability limits of 100/300/50, medical payme

Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred: —The driver of the other car suffered $30,000 in bodily injuries. —Ken’s car sustained […]

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Date: September 19th, 2020

The recent financial crises was exacerbated by A) managers who undere

The recent financial crises was exacerbated by A) managers who underestimated the real risks of their decisions and borrowed excessively. B) extremely high interest rates in the United States that stifled investment. C) a lack of financial leverage that made U.S. firms less competitive in world markets. D) managers who overestimated risk and hence did […]

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Date: September 19th, 2020