Marty, a 16-year-old, contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. Marty agrees to make monthly payments until the purchase price plus interest are paid in full. Which of the following is correct?
a. The contract is voidable by Marty.
b. The contract is void as soon as it is made.
c. The contract is voidable by Cream-of-the-Crop Cycles.
d. The contract is voidable by either Marty or Cream-of-the-Crop Cycles.
a
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Whether or not a salesperson will go through all five steps of the selling process depends on the sales situation and
A. how the person was trained. B. the number of sales support personnel available. C. the buyer's readiness to purchase. D. the effectiveness of role playing. E. the use of sales representatives versus independent reps.
According to Barney, a firm orientated to a product market strategy is unlikely to generate economic rent for which reason:
a. If there are clear substitutes, then the buyers may choose one of them b. Other firms in the market cannot buy the same resources and eliminate any rent-making possibilities c. The market for such resources will value the assets to account for the future earnings potential, making the assets very expensive and eliminating the possibility of earning economic rent d. Competition is less important than resources and capabilities
Federal income taxes are ________
A) deducted to arrive at an employee's gross pay B) added to arrive at an employee's net pay C) deducted to arrive at an employee's net pay D) not borne by the employee
?The interest rate on a 10 percent, 10-year zero-coupon bond with a $1,000 face value falls from 8 percent to 7 percent. Which of the following is true of the value of the bond? (Round the answer to two decimal places.)
A. ?The present value of the bond at 8 percent is $508.34. B. ?The present value of the bond at 7 percent is $463.19. C. ?The maturity value of the bond at 8 percent is $508.34. D. ?The maturity value of the bond at 7 percent is $508.34. E. ?The present value of the bond at 7 percent is $508.34.