Any outstanding bill or loan that a business must repay is called a(n) ________

Suppose the domestic cost of capital for a U.S.-based company is 9%. Also, the U.S. interest rate is 5% and the European interest rate is 5%. What is the foreign denominated cost of capital for the company?

A) 7% B) 8% C) 9% D) 10%

Which of the following is not true regarding the limitations of professional corporations?

A) Seventy-five percent of the shares of stock must be owned and held by individuals licensed in the profession of the corporation. B) At least one of the incorporators, one director, and one officer must be licensed in the profession. C) The Articles of Incorporation, in addition to all other requirements, must designate the professional services to be provided by the corporation. D) The professional corporation must obtain from the appropriate licensing board a certification that declares the shares of stock are owned by individuals who are duly licensed in the profession.