Which element of the business model refers to the presence of substitute products in the market?
A) value proposition
B) competitive environment
C) competitive advantage
D) market strategy
B
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The following information was taken from the financial statements of Brandon's Motor Shop: Total current assets $ 53,000 Property, plant, and equipment 6,000 Current liabilities 21,000 Long-term liabilities 4,000 Owner's equity 34,000 Beginning inventory 31,000 Ending inventory 33,000 Cost of goods sold 152,000 Net income 42,000 The current ratio for Brandon's Motor Shop is closest to
a. 1.3 to 1. b. 2.4 to 1. c. 2.5 to 1. d. 1 to 2.5.
Money that will be used for one year or less is called
A. open credit. B. equity capital. C. short-term financing. D. nonsecured financing. E. long-term financing.
Which statement about variable universal life insurance is false?
A) Relatively small premiums are collected on a frequent basis. B) They provide policyowners with more alternatives for investing cash values in their whole life policies. C) They can duplicate universal life insurance. D) Individual policies are large since it is purchased for employees by their unions.
The U.S. Constitution guarantees a right to a jury trial in:
a. the First Amendment b. the Fourth Amendment c. the Fifth Amendment d. the Seventh Amendment e. none of the other choices; the Constitution only guarantees a right to trial, not to a jury