Often used interchangeably with the term vision, a(n) ________ frequently has a meaningful theme and a long-term orientation.
A. business definition
B. marketing plan
C. mission statement
D. customer value proposition
E. point of difference
Answer: C
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Which of the following statements is true about tenancy in common?
A) All of the co-owners must own equal shares of the property. B) Upon the death of an owner, his or her property interest is divided among the other owners. C) The owners' interests in the property cannot be attached by creditors. D) An owner may sell his or her interest in the property without the consent of the other owners.
Which of the following actions could INCREASE a firm's working capital gap?
A) reduce the age of inventory B) increase the age of accounts payable C) increase the age of accounts receivable D) All actions listed would increase a firm's working capital gap.
Answer the following statement(s) true (T) or false (F)
1. As a general rule, Model Rule 1.7 prohibits a lawyer from representing one client if that representation will be directly adverse to another of the lawyer’s clients. 2. Even if there is a conflict of interest for the lawyer, the lawyer can proceed if the lawyer believes that the lawyer will be able to provide competent and diligent representation to each affected client and each client gives written, informed consent. 3. The changes to the Ethics 2000 version of Model Rule 1.7 are not that significant. 4. As long as the client consents to the representation, the lawyer may proceed, despite the conflict of interest. 5. A lawyer cannot represent the plaintiff and the defendant in the same suit, even if they both give their consent.
Jane Lane, a sole proprietor, has in her possession several checks that she received from her customers. Lane is concerned about the safety of the checks since she believes that many of them are bearer paper that may be cashed without endorsement. The checks in Lane's possession will be considered order paper rather than bearer paper if they were made payable (in the drawer's handwriting) to the
order of: a. Cash. b. Ted Tint, and indorsed by Ted Tint in blank. c. Bearer, and indorsed by Ken Kent, making them payable to Jane Lane. d. Bearer, and indorsed by Sam Sole in blank.