Which of the Following Is Not a Characteristic of Long-Term

question 60

Multiple Choice

Which of the following is not a characteristic of long-term debt?

• A)interest paid to bond holders is a tax-deductible expense to the firm
• B)firm is not legally required to pay interest to bond-holders
• C)usually has a specific maturity
• D)all of these are characteristics of long-term debt

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Definitions:

Behavioural Approach

A psychological perspective focusing on observable behaviors and how they're learned through interactions with the environment.

Cognitive Processes

Mental actions or operations that involve thinking, understanding, learning, and remembering.

Free Will

The concept that humans have the ability to make choices that are not determined by prior causes or by divine intervention.

Congruence

The state of agreement or harmony between thoughts, feelings, and behaviors, often discussed in the context of self and identity.