What kind of contract is based on the conduct of the parties?
A) Express
B) Implied-in-law
C) Implied-in-fact
D) Action-oriented
E) Quasi-contract
C
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The interest rate on short-term loans between banks is known as the
A. primary credit discount rate. B. federal funds rate. C. commercial paper rate. D. T-bill rate.
The equity-premium puzzle refers to the surprising result that
A. stock prices are inversely related to interest rates. B. the transactions costs for buying stocks may be as high as 5 percent of the total value of those stocks, greatly reducing the net returns to stocks. C. equity prices are much too high when compared with the fundamental value of the stock market, as determined by using the present-value formula. D. people will not pay to avoid risk in everyday situations, but when it comes to the stock market, people are willing to give up large potential returns to stocks in order to buy safer Treasury securities.
The final step in the four-component model of ethical decision making is
A. ethical behavior. B. moral intent. C. ethical identity. D. moral awareness.
Which characteristic is not associated with software as intellectual property?
a. uniqueness of the product b. possibility of exact replication c. automated monitoring to detect intruders d. ease of dissemination