Research Suggests That, in the Business World, the Most Successful

question 38

Multiple Choice

Research suggests that, in the business world, the most successful chief executive officers (CEOs) are those who are resolute in their opinions as well as those who are ____. ​

• A)humble
• B)extremely ambitious
• C)feared by their employees
• D)aggressive

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Definitions:

Unamortized Discount

The portion of a bond issuance discount that has not yet been expensed to interest over the bond’s life.

Journal Entry

A record in accounting that notes the details of a financial transaction.

Face Value

The nominal value of a security stated by the issuer, which is the amount to be repaid at maturity in the case of a bond or the value represented by each share of stock.

Retired Bonds

Bonds that have been paid off or bought back by the issuer before or at maturity, effectively removing them from existence and relieving the issuer of further obligations.