Independent projects are projects that compete with one another for a firm's resources, so that the acceptance of one eliminates the others from further consideration

Regarding gross and net pay, which of the following statements is correct?

A) Gross pay minus all deductions such as income tax withheld equals net pay. B) Net pay represents the total salaries and wages expense to the employer. C) For most businesses, gross pay equals net pay. D) Employers are required to deposit net pay into the employee's bank account.

Which one of the following provides compensation to a bondholder when a bond is not readily marketable at its full value?

A. Interest rate risk premium B. Inflation premium C. Liquidity premium D. Taxability premium E. Default risk premium