________ is the cost to the customers or the fee the bank charges those customers for borrowing money.

A. Interest
B. A user fee
C. Tariff
D. A service charge
E. Tax


Answer: A

Business

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Which of the following terms describes the practice of retailers purchasing a greater quantity during a sales promotion period than they can immediately sell?

A) diverting B) panic buying C) straight rebuy D) buyout E) forward buying

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Under the Sarbanes-Oxley Act ____________________ assumes responsibility for establishing and maintaining adequate internal control structure and procedures

Fill in the blank(s) with correct word

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There are four conditions that must be met before an exchange can take place. Once these conditions are met, an exchange will always take place.

Answer the following statement true (T) or false (F)

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Broadnorf Warbeagle is specifically designated to receive cash benefits of $2,000 from Ferd under a contract solely between Cantwell and Ferd. Cantwell owes Broadnorf $4,000 . Ferd had never heard of Broadnorf before his recent contract with Cantwell.The fact situation suggests the existence of

a. third-party rights and a delegation of duties. b. an accord and satisfaction. c. a substantial performance of a liquidated damage clause. d. a statutory mutual assent.

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