Which of the following are good sources of Information about countries to which you may travel?

a. Visas of the country to be visited
b. Foreign movies
c. Seminars at colleges
d. Both A and C


c

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Which of the following is an example of a firm utilizing public relations as a promotion tool?

A) a firm using its personal sales force at an expo to sell its products B) a firm sending its catalog directly to customers through e-mail C) a firm informing customers of special discounts on its Web site D) a firm providing interesting information about a product to the news media E) a firm using a celebrity to endorse a product in a television commercial

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Today, most companies that are active in global markets have ________ codes of conduct

Fill in the blank(s) with correct word

Business

Which of the following is an expanded form of calculating return on investment?

A) Profit margin ratio x Asset turnover ratio B) Net profit ratio x Inventory turnover ratio C) Gross profit ratio x EVA D) Asset turnover ratio x Inventory turnover ratio

Business

Entrustment Rule. Perez-Medina met Julio Lara at an auction at which they both bid on the same tractor. Perez-Medina purchased the tractor for $66,500. At a second auction, at which Lara was again present, Perez-Medina purchased equipment for

installation on the tractor. Lara and Perez-Medina agreed that Lara would install the equipment for Perez-Medina at Lara's place of business, and the tractor was moved to Lara's shop. About four months later, Perez-Medina paid Lara $10,000 to make the installation. At that time, Perez-Medina thought Lara's business was a repair shop and not a "business dealing in heavy equipment." Lara, however, often purchased and sold heavy equipment at auction, and many people knew that Lara was a dealer. Lara sold the tractor to First Team Auction, Inc, for $54,000, representing to First Team that he was the tractor's true owner. Perez-Medina had no knowledge of the sale and received no payment from the transaction. First Team then sold the tractor to a dealer, who in turn sold it to a consumer. When the truth of Lara's deed became known, the dealer and consumer rescinded their contracts with First Team. Should First Team be required to return possession of the tractor to Perez-Medina? If Lara was a "merchant" and First Team a "buyer in the ordinary course of business," would your answer differ? Explain.

Business