If a partnership agreement does not fix the rato of sharing the profits and the losses, they are to be shared in proportion to the contribution of capital.

A corporate bond has a coupon rate of 9%, a face value of $1,000, and matures in 15 years. Which of

the following statements is MOST correct? A) An investor with a required return of 10% will value the bond at more than $1,000. B) An investor who buys the bond for $900 will have a yield to maturity on the bond greater than 9%. C) An investor who buys the bond for $900 and holds the bond until maturity will have a capital loss. D) If the bond's market price is $900, then the annual interest payments on the bond will be $81.

Workers in a high power-distance society like India are more likely to prefer ________

A) managers, who encourage the increased involvement of subordinates in the decision-making process B) clear distinctions between managers and subordinates C) managers, who exhibit a democratic style of leadership D) a flat organizational structure