Some contracting parties are intentionally vague in contract terms
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Calculate a business's return on sales when it makes a net profit of $500,000 from sales of $3 million
A) 60% B) 16.7% C) 30.5% D) 50.5% E) 24.8%
________ income is the amount of money an individual has left to spend after paying for necessities such as housing, utilities, food, and clothing
A) Discretionary B) Gross product C) Standard of living D) Inflationary E) Per capita
Which of the following is not an advantage of a Web retailer in comparison with a traditional store retailer?
a. The site can be modified more regularly. b. Space to present assortments is almost unlimited. c. The site can be tailored to the individual customer. d. Consumers have more confidence in security and privacy in Web versus in-store transactions.
Projects A and B are mutually exclusive and have normal cash flows. Project A has an IRR of 15% and B's IRR is 20%. The company's cost of capital is 12%, and at that rate Project A has the higher NPV. Which of the following statements is CORRECT?
A. Assuming the timing pattern of the two projects' cash flows is the same, Project B probably has a higher cost (and larger scale). B. Assuming the two projects have the same scale, Project B probably has a faster payback than Project A. C. The crossover rate for the two projects must be 12%. D. Since B has the higher IRR, then it must also have the higher NPV if the crossover rate is less than the cost of capital of 12%. E. The crossover rate for the two projects must be less than 12%.