The first generation of EC involves social networks, virtual worlds, and online transactions
Indicate whether the statement is true or false
FALSE
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You are reading a business document that outlines your company's long-term goals and direction. These goals include "Reduce energy consumption in our offices by 20%," "Grow out market share in China from 3% to 10%," "Enter a strategic alliance with a partner in Australia to begin selling our products in Sydney and Brisbane," and "Equip all sales representatives with an app that allows them to provide an immediate quote when meeting with customers." What type of document are you reading?
A. a values statement B. a business plan C. a SMART goal D. a vision statement E. a strategic plan
Explain the "Battle of the Forms" rule of the Uniform Commercial Code (UCC).
What will be an ideal response?
When fixed costs are $46,500, the variable cost is $12 per unit, and the product sells for $22 per unit, the breakeven point is
a. 4,650 units. b. 9,300 units. c. 2,325 units. d. 6,975 units.
Firms typically borrow from banks, insurance companies, and other financial institutions by signing a note, which specifies the terms of the borrowing arrangement. The initial valuation of the loan equals _____
a. the future value of the present cash payments discounted at the yield required by the borrower. b. the future value of the present cash payments discounted at the yield required by the lender. c. the present value of the future cash payments discounted at the yield required by the borrower. d. the present value of the future cash payments discounted at the yield required by the lender. e. the future value of the present cash payments undiscounted.