A blind pool offering:
A) is one in which the properties are purchased on a lottery basis.
B) is connected with oil and gas leases.
C) is one in which 25% or more of the properties are not specified.
D) generates nonallocated income.
Answer: C) is one in which 25% or more of the properties are not specified.
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Which of the following statements is true?
A) Inventories allow manufacturers to operate different work centers at the same output. B) Inventories allow manufacturing to reduce production runs, reducing unit cost. C) Inventories allow manufacturing to level out production and to satisfy peak demand. D) All of the above are true. E) None of the above is true.
If the current market rate of interest is 7%, then the value as of year 1 is closest to ________
A) $0 B) $1000 C) $570 D) $68