Which of the Following Is NOT True of Tournaments

question 2

Multiple Choice

Which of the following is NOT true of tournaments?

• A) A tournament has a fixed set of prizes.
• B) Tournaments use subjective rankings.
• C) Tournaments are opposed by unions.
• D) Prizes are allocated on the basis of cardinal rankings.
• E) The payment of discretionary bonuses is an example of a tournament.

---

Definitions:

Interest Payment Date

The specific dates on which interest payments on a bond or loan are made to bondholders or lenders.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Cash Flow

The net amount of cash being transferred into and out of a business, measuring its financial health.

Bond Issuing

The process by which a borrower (corporate or governmental) raises funds by selling bonds to investors.