Which of the following statements is FALSE?
A) Bank loans are typically initiated with a promissory note, which is a written statement that indicates the amount of the loan, the date payment is due, and the interest rate.
B) The most straightforward type of bank loan is a single, end-of-period-payment loan.
C) With a fixed interest rate, the specific rate that the bank will charge is stipulated at the time the loan is made.
D) One of the primary sources of short-term financing, especially for small businesses, is the investment bank.
Answer: D
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A firm's international division is usually located in ________
A) the home country B) the importing country C) a centrally located country D) the country with the highest foreign sales
If a 1:M relationship is mandatory on the M side and optional on the 1 side, and if the table resulting from the 1 side has 3 records, then the table resulting from the M side cannot have less than ________ records
A) 0 B) 1 C) 2 D) 3