1. Banks help businesses operate in other countries by exchanging the currency of one nation for the currency of another.
Group of answer choices
true
false
2. The investor will receive the face value of the bond on the __________ date.
Group of answer choices
maturity
declaration
purchase anniversary
annual interest
3. __________ have a set dollar goal the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors.
Group of answer choices
No-load funds
Drop-off funds
Closed-end funds
Zero-sum load funds
4. Most exchange floors are symbolic because trades today usually take place electronically.
Group of answer choices
false
true
5. Many sellers offer a 2 percent discount to a buyer that makes payment 20 days before the due date, (2/10, net 30). Firms that fail to take advantage of this early payment discount are needlessly increasing its costs by not doing so.
Group of answer choices
false
true
6. Good decisions are based on good information. Organizations need accounting—to provide good financial information.
Group of answer choices
false
true
7. As a certified public accountant (CPA), Lacey might become involved in helping her clients select appropriate accounting computer software for their firm.
Group of answer choices
true
false
8. Flat Belly promotes its ready-to-drink weight loss shake directly to consumers through television ads, infomercials, and online coupons. The company is making use of a push strategy to reach their customers.
Group of answer choices
false
true
9. Personal selling involves more than presenting the product and closing the deal. Other activities include the search for new prospects and follow-up services after the sale.
Group of answer choices
true
false
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