This topic contains a solution. Click here to go to the answer

Author Question: What is a trustee and why type of financing is a trustee associated ... (Read 156 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
What is a trustee and why type of financing is a trustee associated with?

Question 2

The assumptions underlying Theory X generally agree with Frederick W. Taylor's concepts of scientific management.
 
 Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A trustee is an individual or an independent firm that acts as the bond owner's representative. A corporation that issues bonds must also appoint a trustee. A trustee's duties are most often handled by a commercial bank or other large financial institution. The corporation must report to the trustee periodically regarding its ability to make interest payments and eventually redeem the bonds. In turn, the trustee transmits this information to the bond owners, along with its own evaluation of the corporation's ability to pay.

Answer to Question 2

True



P68T

  • Hero Member
  • *****
  • Posts: 509

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Great! Please up vote :D



 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library