A Penrosian definition of the firm focuses on the role of:

a. Technology
b. Capital
c. Resources
d. Network


c. Resources

Business

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Which type of informative presentation shows the audience how to do something and often gives them a chance to try what they have learned?

a. exploratory b. descriptive c. explanatory d. demonstrative

Business

How is contribution margin ratio computed?

Business

Under both the accounting and tax law concepts of income, income must be "realized."

Answer the following statement true (T) or false (F)

Business

Suppose the spot rate and forward rate for the British pound are $1.4248 and $1.4179 respectively. Assume the forward pound is selling at a 1.94% annualized discount, what is the number of days of the forward contract?

A) 180 days B) 120 days C) 90 days D) 60 days

Business