Members of the federal judiciary are
a. elected to office for life by the senates of the states where the courts are located.
b. appointed by the president and confirmed by majority vote of the U.S. Senate.
c. designated in a binding recommendation by the senior senator of the state where the court is located.
d. required to retire at age 70.
b
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An asset is expected to pay $25 in one year and $75 in two years. Which of the following will cause the present value of the asset to decline?
a) instead of $75, investors now expect it to be $65 b) investors believe the cash flows to be more risky than they originally thought c) the $25 is now expected to be paid in two years instead of one d) none of the above
When writing for cross-cultural audiences, which of the following will be most effective in aiding the audiences' understanding of the message?
A) Use short, simple words B) Use jargon and slang C) Use descriptive and complex phrases D) Limit the use of visual aids E) Use long, detail sentences