Ginny sublet her apartment to Fred by assigning her lease to him. If Fred doesn't pay rent, who is liable to do so?
A) Since Fred accepted the assignment of the lease, he is responsible and the landlord must collect from him.
B) Since Ginny is the original tenant, she is liable and the landlord must collect the rent from her.
C) Ginny is responsible because it is not legal to assign a lease to another person.
D) Ginny and Fred are both liable and the landlord may sue both parties to recover the unpaid rent.
D
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Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today?
A. $651.60 B. $684.18 C. $718.39 D. $754.31 E. $792.02
According to Prahalad and Hamel, a core competence has all of the following characteristics except:
A) potential access to a wide variety of markets. B) a significant contribution to perceived customer benefits. C) it is easy for competitors to imitate. D) benefits to customers. E) it is difficult for competitors to imitate.
A U.S. timber products firm has a long-term contract to import unprocessed logs from Canada
To avoid occasional and unpredictable changes in the exchange rate between the U.S. dollar and the Canadian dollar, the firms agree to split between the two firms the impact of any exchange rate movement. This type of agreement is referred to as: A) risk-sharing. B) currency-switching. C) matching. D) a natural hedge.
________ is a method for ensuring that suppliers precisely deliver ordered parts at a specific time and to a particular location
A) Having an adaptive supply chain B) Tight coupling C) Supply-chain management D) Materials requirement planning