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MC

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Which of the following is the best definition of cash flow time line?

A) The time between cash disbursement and cash collection.
B) Graphical representation of the operating cycle and the cash cycle.
C) A promise by the firm, included in the debt contract, to perform certain acts. A restrictive covenant imposes constraints on the firm to protect the interests of the debtholder.
D) A secured short-term loan to purchase inventory.
E) The time it takes to acquire and sell inventory.

On Jul 18, 2024


B
MC

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Management at ABC Inc. wants to introduce a new benefit that is not required by law. What should it do first?

A) develop an HRIS to help with its administration
B) establish that there is a need for it
C) lobby the government to make it mandatory
D) hire a consulting firm to roll it out

On Jul 16, 2024


B
MC

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Pedro buys market basket A that includes 10 books at a price of $20 per book and 10 DVDs at a price of $10 per DVD. Market basket B contains 12 books and 12 DVDs. Based on this information, which of the following statements is NOT true?

A) Revealed preference analysis implies that Pedro only prefers basket B to basket A if basket A is more expensive.
B) Pedro prefers market basket B to basket A.
C) Market basket B will cost more than basket A.
D) If the prices change and Pedro chooses market basket C, which now costs the same as basket B, then basket C is prefer to basket A.

On Jun 18, 2024


A
MC

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A taxpayer must report in income imputed interest on a loan made below market interest rate.

On Jun 16, 2024


True
MC

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During times of group disagreement, __________ skills help workers keep meetings within specified bounds so that conflict is avoided.

A) Negotiating
B) Mediating
C) Moderating
D) All of the above

On May 19, 2024


D
MC

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Joe Loser enters into an investment scheme with some reputed financiers.To get Joe's money,these people lie to Joe about several present facts that are critical to the investment scheme.Later,Joe sues to rescind the investment contract on the basis of fraud.While Joe is on the stand,the attorney for the other parties asks him: "Mr.Loser,why did you enter this deal in the first place?" Joe says: "For the one and only reason: I admired these men tremendously and figured that any deal good enough for them was a deal I wanted in on too.The details didn't matter;if they were in it,I wanted to be in it too." Joe has just blown his fraud case.Why?

On May 17, 2024


Joe had admitted that he did not actually rely on the misrepresentations made to him to any degree,whatsoever.This is one of the most important elements of establishing a fraud (or misrepresentation)claim.