A _____ Is a Financial Contract in Which the Borrower

question 111

Multiple Choice

A _____ is a financial contract in which the borrower and the lender agree to certain conditions about repayment, operating policies, other borrowing activities while they are outstanding, and other provisions.

• A)preferred stock
• B)common stock
• C)paid-in-capital
• D)bond
• E)a restriction on retained earnings

Recognize the legislative aspects of employee benefits in Canada.

Identify the main advantages of using flexible benefit programs for both employers and employees.

Describe various voluntary employee insurance benefits.

Understand the purpose and impact of benefit audits.