One drawback of exchange-traded funds (ETFs) is that investors:
A. are not able to buy diversified securities.
B. have to pay brokerage commissions every time they buy or sell shares.
C. are forced to pay higher fees as compared to mutual funds.
D. can buy or sell shares only after the major stock exchanges are closed.
Answer: B
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City Times, a newspaper, knowingly publishes an article falsely stating that the inventory of Walco, a discount store, consists of stolen goods. City Times is liable for
A. defamatory mischief. B. malicious mischief. C. slander of quality. D. slander of title.
Marketing intermediaries are marketing institutions, such as retailers and wholesalers, which perform marketing functions necessary to direct products to customers.
Answer the following statement true (T) or false (F)
A letter of credit: ______
A) is an advance arrangement for financing. B) is used only in domestic sales. C) involves only two parties. D) is used only in international sales.
Net working capital is defined as current assets divided by current liabilities.
Answer the following statement true (T) or false (F)