A ________ is an exception in promissory notes, as it does not require the maker's unconditional and affirmative promise to pay

A retailer reduces its invoice by 5 percent since a supplier shipped seasonal merchandise 10 days late. The price reduction is designed to compensate the retailer for additional markdowns. This reduction illustrates a _____

a. markdown adjustment b. slotting allowance c. slotting fee d. chargeback

From a firm's perspective, preferred shares are at least as desirable as bonds because the firm is able to deduct preferred dividend payments for tax purposes like it can bond interest expenses

Indicate whether the statement is true or false