The Amount of Slack Should Determine the Priority with Which

question 102

True/False

The amount of slack should determine the priority with which these concentrated efforts are applied.

---

Definitions:

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity.

Proceeds

Maturity value less bank discount.

Contingent Liability

Liability on the part of one who discounts a note if the maker of the note defaults at maturity date.

Discounted Note

A debt instrument that is sold or issued for less than its face value.