A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of
A. causal ambiguity.
B. path dependency.
C. physical uniqueness.
D. social complexity.
Answer: B
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Ratification may be inferred from the principal's failure to repudiate an unauthorized contract after becoming aware of it.
Answer the following statement true (T) or false (F)
Which of the following statements respecting a limited partner is TRUE?
A) A limited partner is sometime called a silent partner. B) A limited partnership must always be registered. C) A limited partnership need not be registered if it contains the first and last names of the limited partner. D) Both A and B E) All of the above
If the NPV (Net Present Value) of a project with multiple sign reversals is positive, then the
project's required rate of return ________ its calculated IRR (Internal Rate of Return). A) must be greater than B) must be less than C) could be greater or less than D) The required rate of return cannot be determined without actual cash flows.
Which of the following is not an option as a way to use the cash value of your whole life policy?
A) Borrow money from the policy at a low rate of interest B) Cancel the policy and use the proceeds to buy term insurance in the same value as your whole life policy C) Have the insurance company invest your cash value in stocks or mutual funds of your choosing D) Cancel the policy and get your cash value returned to you