Any time a consumer is denied credit or insurance on the basis of his or her credit report, the consumer must be notified of that fact
a. True
b. False
Indicate whether the statement is true or false
True
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A company has reached the end of a contractual agreement with a vendor and wants to open it up for bid again before signing a new contract. This type of purchase situation is a:
A) straight rebuy B) modified rebuy C) new task purchase D) joint demand purchase
Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
Geekell Mobiles signs an exclusivity agreement with zedNet which allows only their mobile
phones to use zedNet's latest mobile phone operating system. Which of the following market opportunities is Geekell exploiting? A) go-to-market approach B) new market segment C) differentiating functionality D) blue ocean opportunity
According to the text, the cost of importing a foreign sourced product, including freight, insurance, and packing
A. is insignificant. B. may range from 10 to 12 percent of the cost of the product. C. may not be charged if the terms of sale are CIF, port of entry. D. may range from 26 to 110 percent of the cost of the product.