In Private Administration, What Is Usually Considered the "Bottom Line

question 17

Multiple Choice

In private administration, what is usually considered the "bottom line"?

• A)service
• B)profit
• C)human resources
• D)accountability

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Definitions:

Bond Ratings

Evaluations of the credit quality and risk of default of a bond, issued by rating agencies, influencing interest rates and investor demand.

Financial Obligation

A legal responsibility to settle a debt or pay for a service or product that has been received.

Registered Securities

Securities with which the issuer or a transfer agent keeps a list of the names of owners. Dividends or interest payments are made to owners of record as of specified dates.

Transfer Agent

A financial institution or trust company designated by a corporation to keep records of investors, account balances, and transactions, and manage the transfer of stocks and bonds.