The Face Value of a Note Refers to the Amount

question 201

Multiple Choice

The face value of a note refers to the amount

• A) that can be received if sold to a factor.
• B) borrowed plus interest received at maturity from the maker.
• C) that is identified on the formal instrument of credit.
• D) remaining after a service charge has been deducted.

Identify and calculate variances between actual and budgeted performances including favorable and unfavorable outcomes.

Use budget formulas to prepare budgets based on activity measures such as customer served and patient-visits.

Understand and apply cost formulas in budget preparations.

Analyze spending variances in different expense categories and understand their implications on financial performance.

---

Definitions:

SWOT Analysis

A strategic planning technique used to identify and assess Strengths, Weaknesses, Opportunities, and Threats.

Blue Ocean Strategy

A marketing theory that suggests companies are better off searching for ways to gain "uncontested market space" than competing with similar companies.

Differentiation

Differentiating a product or service to enhance its appeal to a chosen market segment.

Lower Cost

The strategy or condition of achieving a reduction in expenses, leading to a competitive pricing advantage or higher profit margins.