Which of the Following Statements Is True

question 51

Multiple Choice

Which of the following statements is true?

• A)The useful life of the financed asset must be less than the maturity of the loan.
• B)An entrepreneur should try to camouflage any weaknesses in the small business.
• C)Projected financial statements should prove the company's ability to repay the loan.
• D)Officers' personal assets that can be used as collateral must be included in the financial statement.

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Definitions:

Disparate Impact Discrimination

Occurs when policies, practices, or rules appear to be neutral but result in a disproportionate impact on a protected group.

Executive-Compensation Packages

The combination of salary, bonuses, shares, options, and other benefits provided to senior executives and corporate leaders as part of their employment agreement.

Securities Exchange Commission

A U.S. government agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring investor protection.

National Labor Relations Act

The National Labor Relations Act (or Wagner Act) created the NLRB, which administers most labor law in the United States.