Which of the Following Would Be an Example of a Tacit

question 15

Multiple Choice

Which of the following would be an example of a tacit resource?

• A) An oddsmaker who works for a large casino in Las Vegas and is correct 95 percent of the time.
• B) A boutique purchases hand-woven fabrics from local shops.
• C) A retail shoe chain that has prime locations in 200 malls across the country.
• D) A flashy ad campaign for a malt liquor.

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Definitions:

Fixed Interest Rate

An interest rate on a liability, such as a loan or mortgage, that remains the same throughout the term of the loan.

Bond Redemption

The process of repaying the face value of a bond upon its maturity, thereby fulfilling the issuer's obligations to the bondholders.

Carrying Value

The book value of assets and liabilities on the balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Retired

Often refers to the status of an asset that has been taken out of use and is no longer productive.