Long-term unsecured bonds that are backed only by the general creditworthiness of the issuer are called
A) junk bonds.
B) callable bonds.
C) convertible bonds.
D) debentures.
D
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Which of the following statements is true of the duty of obedience?
A) It bars an agent from acting in a manner that is adverse to the principal's interest. B) It indicates that it is the duty of an agent to keep accurate books that can be viewed by the principal. C) It requires an agent to follow all reasonable and lawful instructions of a principal. D) It mandates that an agent must use reasonable care and skill in performing his or her work.
Which of the following is not a benefit associated with R&D?
a. creates products and services that meet customer needs b. locks companies into particular strategies c. creates a strong intellectual property position d. differentiates products form those of competitors