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Questions in business

📝 Answered - Which financial problems can budgeting help overcome? More than one answer may be correct. A. Lack of savings B. Excessive investment risk C. Credit overuse D. High unemployment rates

📝 Answered - Applicants for an individual producer license must submit proof of completing 24 hours of continuing education credits during the previous A. 2 years. B. 4 years. C. 3 years. D. 5 years.

📝 Answered - Annuity share class C. After 3 years, she surrenders the annuity so she can take the $100,000 and go on a lavish round-the-world vacation. If her annuity is typical for share class C, how much will she pay in surrender charges?

📝 Answered - What is the primary drawback of a passive investment strategy? A. Missing opportunities for higher returns during market changes B. Increased risk of losses C. Higher transaction costs D. Reduced diversification

📝 Answered - Effective leaders need to have all five types of power. A. True B. False

📝 Answered - Use the information in Exercise 1-18 to prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on December 1 was $0. Cash: $11,360 Accounts receivable: 14,000 Office supplies: 3,250 Office equipment: 18,000 Land: 4 Accounts payable: 8.1 Common stock: 84,000 Cash dividends: 2,000 Consulting revenue: 14,000 Rent expense: 3,550 Salaries expense: 7,000 Telephone expense: 760 Miscellaneous expenses: 580

📝 Answered - For each of the following scenarios, determine which market model best describes the scenario. Then identify the number of firms, the type of product, and the ease with which new firms can enter the market under this market structure. Scenario: Many small shops sell different styles of sweaters. Some stores sell higher-quality and more expensive sweaters than other stores. Dozens of companies produce plain white socks. The standard technology for producing socks is widely known and available to anyone who wants to enter the business. Four Internet providers offer similar services to almost everyone in the city. Any new company would have to engage in a price war with the existing companies. Only one pharmaceutical company has a government patent to sell an experimental drug. | Market Model | Number of Firms | Type of Product | Entry | |---|---|---|---|

📝 Answered - Why is a bond with a higher interest rate often considered a higher risk investment? A. More secure bonds have higher interest rates. B. A higher interest rate means a higher rate of return on the investment. C. A higher interest rate would provide too much of a return on the investment. D. Some companies promise higher interest rates in order to attract the attention of investors.

📝 Answered - When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1? I. The nominal rate equals the effective rate. II. The length of the loan is exactly one year. III. The interest is compounded annually. A. I and III B. II and III C. I only D. III only

📝 Answered - Effective leaders need to have all five types of power. A. True B. False