A(n) ___________ signs an instrument to lend his credit to an instrument, and his liability is determined by the capacity in which he signs.

A) indorser
B) accommodation party
C) authorized agent
D) maker

The DAB Corp.has unfortunately accumulated net operating losses of $70 million and is likely to go bankrupt.The CLC Corp.has earnings of $200 million and is in the 36% marginal tax bracket.CLC is considering buying DAB and liquidating the company and retaining a few of the assets.What is the minimum value of DAB to CLC?

A) $25.2 million
B) $70.0 million
C) $72.0 million
D) There is insufficient information provided.

Give an example of a competitive advantage that is NOT sustainable.

According to the perspective that organizations are interlocking networks of groups, managers and leaders serve as ___.

A) "linking pins" because each manager or leader acts as a superior in one work group and as a subordinate in the next higher-level one.
B) "king pins" because everyone reports to them.
C) "nerve centers" because they control the communication channels.
D) "gatekeepers" because work flows upward and downward through their offices.
E) "group processors" because they make the whole team function properly.