________ cost refers to the effort invested in identifying and selecting a service from your consideration set.
A. Psychological
B. Search
C. Monetary
D. Convenience
E. Time
Answer: B
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Stock A has the following returns for various states of the economy:
State of the Economy Probability Stock A's Return Recession 10% -30% Below Average 20% -2% Average 40% 10% Above Average 20% 18% Boom 10% 40% Stock A's expected return is A) 5.4%. B) 7.2%. C) 9.6% D) 8.2%.
Which of the following statements about operating leverage is true?
A) Operating leverage is the responsiveness of the firm's EBIT to fluctuations in sales. B) Operating leverage involves the usage of fixed cost financial securities in the operation of a business. C) Operating leverage is the responsiveness of the firm's EPS to fluctuations in sales. D) Operating leverage reduces a firm's risk.
Buying a negotiable instrument at a discounted price demonstrates lack of good faith
Indicate whether the statement is true or false
To be liable of a tort in negligence, one must have owed a duty of care to the party who suffered an injury
a. True b. False Indicate whether the statement is true or false