Under the two-cycle average daily balance method for computing interest,
A)
there is a two-month grace period before any interest is owed on the unpaid balance.
B)
you will always pay more interest than under the one-cycle daily balance method.
C)
consumers who have a permanent unpaid balance will pay more interest than under the one-cycle daily balance method.
D)
a grace period applied in a previous month is eliminated if you fail to completely pay off the balance in the present month.
D
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Semonco Inc. is in the process of searching for its new chief executive officer. It does not want to promote anyone from within the organization because the employees lack an outside perspective. However, hiring someone from the outside is also a disadvantage because he or she may not understand the organization's culture. In this situation, which of the following decisions would best suit the organization's needs?
a. The organization should promote an insider-outsider who has developed an outside perspective. b. The organization should scan its current leaders for the most suitable candidate. c. The organization should conduct an examination for internal employees and external candidates. d. The organization should appoint a headhunter to find the best candidate from another industry.
The John T. Young Corporation owns a lot located in the direct path of the city's projected airport extension. When approached through its board of directors, the corporation refuses to sell. To gain title to the property, the city will probably exercise its:
A: Right of eminent domain; B: Right of escheat; C: Right of police power; D: Right of taxation.