Critical Thinking Questions Case 5-1 Your Aunt Mabel, the Owner

question 67

Multiple Choice

Critical Thinking Questions Case 5-1 Your Aunt Mabel, the owner of a private day care facility, asks you to update her business Web site by adding an easy-to-update holiday schedule to the site's home page. During lunch you brainstorm the best approach for this project with three classmates - Leah, Rob, and Michelle. Now that you have decided on the best approach for adding the holiday schedule information to Aunt Mabel's Web site home page, you are concerned about making sure that the holiday schedule information formatting is consistent with other text formatting at the site. After more brainstorming, you decide to ____.

• A) use a preformatted style sheet to provide formatting consistency between the holiday schedule information and existing text on the home and other pages at the site
• B) insert the formatting attributes manually as inline styles just to be safe
• C) not to worry about the formatting; its just not that important for the holiday schedule information to be formatted consistently with existing text
• D) reformat all the site's pages to agree with your formatting choices for the holiday schedule information

Understand the role and powers of a trustee in bankruptcy proceedings.

Understand the relationship between price, supply, and demand in determining market equilibrium.

Identify the effects of price changes on market equilibrium.

Explain the impact of shifts in supply and demand on the equilibrium price and quantity.

---

Definitions:

Call Options

Financial derivatives that give the holder the right, but not the obligation, to buy an asset at a specified price within a specific time frame.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares at certain times during their life, usually at the discretion of the bondholder.

Warrants

Securities that grant the holder the right to purchase a company's stock at a specified price before a certain date, often attached to bonds.

Call Options

Financial contracts giving the buyer the right, but not the obligation, to buy an underlying asset or security at a specified price within a defined time period.