The General Agreement on Tariffs and Trade (GATT) is an international framework of rules for reducing trade barriers across countries around the world.

Answer the following statement true (T) or false (F)


True

The General Agreement on Tariffs and Trade (GATT) is an international framework of rules and principles for reducing trade barriers across countries around the world. It currently consists of more than 100 member-nations.

Business

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Forward integration occurs when the firm acquires one of its suppliers.

Answer the following statement true (T) or false (F)

Business

The person to whom bailed goods are to be delivered is called the bail:

A) Bailor. B) Warehouser. C) Consignor. D) Bailee.

Business

In the Pearsall v. Alexander case, the court found that by exchanging mutual promises to share in proceeds of lottery tickets, the parties entered into a valid, enforceable contract

a. True b. False Indicate whether the statement is true or false

Business

The brew master at Appalachian Ale has asked you to help choose between two alternatives for a plant expansion

The first choice is a new brew system that costs $180,000 with annual maintenance costs of $17,000, an expected life of 15 years and a required rate of return of 12%. the alternative brew system costs only $98,000, requires $9,000 per year in maintenance, will last only 9 years and has a required return of 10%. Calculate the equivalent annual cost of each system. Based on your results only, which system would you recommend?

Business