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Critics have argued that intelligence tests favor some groups over others. For example, one test item required that children identify the composer of the Emperor Concerto! In response, test makers tried to design tests that are that were unaffected by culture. Discuss two reasons for disappointing results in regard to both of these approaches.
Cash Commitments
Obligations to pay out cash in the future for contracts or other agreed upon transactions.
Compensating Balance
A minimum bank account balance that a borrower agrees to maintain as a condition for borrowing from a lender.
Minimum Cash Balance
The least amount of cash a company aims to hold in its accounts to meet immediate transaction demands.
Bank Requirement
Specific conditions imposed by a bank on a borrower or account holder, including minimum balances and fees.
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