The party to a promissory note that agrees to repay money on the maturity date of the note is called the
a. Lender
b. Maker of the note
c. Payee of the note
d. Recipient of the note
b
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Which of the following is most useful in guiding a salesperson in ethical behavior?
A) official company policies on bribes and kickbacks B) salesperson's actions at previous jobs C) role model provided by sales manager D) competitors' actions E) customer expectations and desires
Software clickwrap and shrinkwrap agreements limiting the manufacturer's maximum responsibility to a refund of the purchase price even if the software destroys your hard drive have generally been found to be binding against consumers
a. True b. False Indicate whether the statement is true or false
If a court finds as a matter of law that a clause of a contract was unconscionable at the time the contract was made, the court must refuse to enforce the contract
a. True b. False Indicate whether the statement is true or false
A firm has after-tax cash flow from operations equal to $100,000. Operating working capital
increased by $20,000, and the firm purchased $30,000 of fixed assets. The firm's free cash flow was A) $90,000. B) $110,000. C) $50,000. D) $150,000.