The elimination of a riskless profit opportunity in a market is called
A) the efficient market hypothesis.
B) random walk.
C) arbitrage.
D) market fundamentals.
C
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In business, every decision can be covered by economic, legal, or company rules and regulations.
Answer the following statement true (T) or false (F)
Canada Sailboats Company manufactures 10 luxury yachts per month
A compact media center is included in each yacht. Canada Sailboats manufactures the media center in-house but is considering the possibility of outsourcing this function. At present, the variable cost per unit is $270, and the fixed costs are $40,000 per month. Justin Blake, the CEO, wishes to increase operating income by $3,000. He has an offer from a foreign producer to provide the media centers at a contract cost of $325 per unit. The required saving in fixed cost in order to achieve his objective would be ________. A) $3,000 B) $550 C) $3,550 D) $2,700
The seller is responsible for paying shipping charges and bears the risk of damage or loss in transit if goods are shipped FOB shipping point.
Answer the following statement true (T) or false (F)