A legal document called a stock certificate is used to indicate ownership in a:
A. sole proprietorship.
B. both sole proprietorship and partnership.
C. partnership.
D. corporation.
Answer: D
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A bank can reduce the impact of a default risk by
A. having assets with the same time to maturity. B. making risky loans at low interest rates. C. making safe loans at high interest rates. D. diversifying its portfolio.
Product quality includes all of the following except
a. appeal. b. performance. c. durability. d. price.
An acceptance can impose new conditions or change the terms of the original offer without rejecting it
Indicate whether the statement is true or false
The tort of fraud requires the wrongdoer to have a legal relationship with the tort victim
a. True b. False Indicate whether the statement is true or false