Enforceable contracts ________ arise from a bargained-for exchange.
A. rarely
B. need not
C. must
D. cannot
Answer: C
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Intangible property is another way to describe intellectual property
Indicate whether the statement is true or false
Which of the following would be an entry barrier?
A. large economies of scale B. low switching costs C. easy access to raw materials D. low capital requirements
Which of the following is a key strategy for managing resistance to change that establishes a feeling of ownership in the change process among employees?
A. Delegation B. Empathy C. Communication D. Participation
Which of the following statements is CORRECT?
A. If a security analyst saw that a firm's days' sales outstanding (DSO) was higher than the industry average and trending still higher, this would be interpreted as a sign of strength. B. A high average DSO indicates that none of the firm's customers are paying on time. In addition, it makes no sense to evaluate the firm's DSO with the firm's credit terms. C. There is no relationship between the days' sales outstanding (DSO) and the average collection period (ACP). These ratios measure entirely different things. D. A reduction in accounts receivable would have no effect on the current ratio, but it would lead to an increase in the quick ratio. E. If a firm increases its sales while holding its accounts receivable constant, then its days' sales outstanding will decline, other things held constant.