Which of the following terms refers to a charge made by a shipowner when a charterer keeps a ship idle for more than the agreed-upon number of lay days?

All of the following are reasons for using quotas except:

a. quotas guarantee minimum performance. b. they provide motivation. c. they trigger incentive compensation. d. they provide standards for performance evaluation. e. they provide an alert for managers in case of the need for corrective action.

Which of the following statements about the relationship between yield to maturity and bond prices is FALSE?

A) When the yield to maturity and coupon rate are the same, the bond is called a par value bond. B) A bond selling at a premium means that the coupon rate is greater than the yield to maturity. C) When interest rates go up, bond prices go up. D) A bond selling at a discount means that the coupon rate is less than the yield to maturity.