Money markets involve the trading of securities with maturities of one year or less

Which one of the following do TQM programs use extensively?

A. Punitive reward systems B. Pay reduction when employees perform below expectation C. Democratic management practices D. Employee empowerment to give employees greater control over their work.

If a company extinguishes debt, which of the following explains the effect of this transaction on a statement of cash flows?

A) If the debt is extinguished with a loss, the loss is subtracted from the operating section if the company uses the direct method. B) If the debt is extinguished with a loss, the loss will not appear in the operating or the investing section if the company uses the direct method. C) If the debt is extinguished with a gain, the gain is added to the cash flow from financing section if the company uses the indirect method. D) If the debt is extinguished with a gain, the gain is added to the operating section if the company uses the indirect method. E) If the debt is extinguished with a loss, the loss is added to the financing section if the company uses the indirect method.