Loans to start-ups without sufficient outside resources for collateral are the exception for commercial banks. This type of lending is usually left to the SBA
Indicate whether the statement is true or false.
Answer: TRUE
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Decreasing sales and expenses by the same percentage will not change return in investment (ROI)
Indicate whether the statement is true or false
A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales, and sales were $1,000,000. Operating profit was:
A) $140,000 B) ($30,000) C) $370,000 D) $670,000
Despite their popularity, e-mails, text messages, blogs, memos, e-bulletins and so on are considered to be at the lower end of _____________ because you can’t detect levels of emotion and don’t have verbal or nonverbal cues.
What will be an ideal response?
The contracts of a person who is adjudicated insane and placed in care of a guardian are void
a. True b. False Indicate whether the statement is true or false