Forbearance of a legal right can be provided as consideration
Indicate whether the statement is true or false
TRUE
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A product idea is ________
A) the way consumers perceive an actual or potential product B) the knowledge and awareness of a product among consumers C) a possible product that the company can see itself offering to the market D) a detailed version of the new product idea stated in meaningful consumer terms E) the testing of new product concepts with groups of target consumers
The ratio of the net cash receipts of the project divided by the cash outlays of the project, enabling trade-off analysis to be made between competing projects, is often referred to as:
A) return on investment (ROI). B) break-even analysis (BEA). C) net present value (NPV). D) future value (FV). E) currency rate analysis (CRA).
To be a good communicator in business, workers must practice effective
a. reading skills. b. writing skills. c. speaking skills. d. all of the above.
You have the chance to interview the leader of a medium-sized (SME) engineering company from Poland. He tells you that responsible management is only a topic for bigger companies and that only companies from economically developed countries should engage in such costly "add-ons.". Which of the following answers would be untrue?
a. SMEs are increasingly asked by their clients to comply with social, environmental, and ethical standards. b. SMEs only account for a very minor percentage of business and economic activity, so in the big picture, it really does not matter too much if they engage in responsible management activities. c. Studies have shown that CEOs in regions with developing countries are more aware of the importance of responsible management than CEOs in regions with mainly developed countries. d. Responsible management practices are often even more important in economically developing than in economically developed countries.