When an anticipatory repudiation occurs, it is treated as a material breach of a contract
Indicate whether the statement is true or false
True
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In the interbank market for foreign exchange, the ____ refers to the difference between the offer rate and the bid rate.
a. cross rate b. option c. arbitrage d. spread
If the net income of a partnership is less than the total of the allowances provided by the partnership agreement, the difference must be divided among the partners in the income-sharing ratio
a. True b. False Indicate whether the statement is true or false
The introduction of a business report should
A) discuss your conclusions or recommendations. B) include all of your information sources. C) carry the full weight of your message. D) help readers understand the context of the report. E) propose a solution.
A retailer is deciding how many units of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1. The product costs $8 per unit and sells for $25 per unit. What is the conditional value for the decision alternative "Stock 3" and state of nature "Sell 1"?
a. 1.4 units b. $1 profit c. $25 profit d. $-8 profit e. $23.80 profit