Charlie oversees all the operations of a firm, from purchasing to manufacturing to human resources to finance and accounting functions. Charlie is the ___ of the firm.

A) general manager
B) line manager
C) functional manager
D) team leader
E) director

J&J Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons, and the yield to maturity is 6.8%, what is the present value of the bond's face value?

A) $138.95
B) $241.15
C) $886.37
D) $1,000.00
E) $1,025.32

The crowding of women, African Americans, and certain ethnic groups into less-desirable, lower-paying occupations is

A) employment discrimination.
B) human capital discrimination.
C) statistical discrimination.
D) occupational segregation.

When bonds are converted into common stock the carrying value of the bonds is transferred to paid-in capital accounts.

Shareholder theory addresses the firm's purpose and the firm's obligations to its stakeholders.

When will a party's negligence not permit the party to escape liability for an unauthorized signature?

A) Any type of negligence will result in a party being unable to escape liability for an unauthorized signature.
B) The issue of negligence is irrelevant as to whether a party may escape liability for an unauthorized signature,because a party is always liable for an unauthorized signature.
C) A party who is negligent may not escape liability for an unauthorized signature if the party whose signature was forged behaved so negligently as to substantially contribute to the making of the forgery.
D) A party's negligence will not permit the party to escape liability for an unauthorized signature,but only if the negligence amounts to a finding of recklessness.
E) A party's negligence will not permit the party to escape liability for an unauthorized signature,but only if the negligence involved a certified check.