What is a bond?
a. a small portion of ownership in a company.
b. a payout distributed by corporations.
c. a form of promissory note with the bondholder as creditor.
d. the interest paid on a small loan.

c. a form of promissory note with the bondholder as creditor.

A bond is a form of promissory note with the bondholder as creditor.

Explanation:

A bond refers to a fixed income instrument in form of a loan to a company or government which is to pay back a fixed rate of return. It is a written and signed promise note. The promise note specifies the sum of money borrowed, the date and the specified conditions of payment. It is an instrument of indebtedness of the bond issuer to the bond holders.

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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o