The maturity value of a 12%, 60-day note for $5,000 is $5,600
Indicate whether the statement is true or false
False
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The transfer of rights under a nonnegotiable contract is known as an assignment
Indicate whether the statement is true or false
The ________ bears the risk of loss during transportation in a destination contract
A) buyer B) seller C) carrier D) shipper
Utilitarianism postulates doing the greatest good for the greatest number of people
Indicate whether the statement is true or false
Which of the below statements is FALSE?
A) Whenever a new product competes against a company's already existing products and reduces the sales of other products, opportunity costs occur. B) Erosion can provide cost savings. C) A synergy gain occurs when a new product can be introduced that complements another current product so that sales for this current product increases. D) Increases in working capital accounts necessary to support a project add upfront costs, but also provide for cost reductions at the end of the project.