Concerning foreign currency trading, an option contract provides the holder the right to buy or sell a fixed amount of currency at a prearranged price within a few days or a couple of years.
a. True
b. False
a. True
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The objective with transaction-oriented but profitable customer is to
a. retain them by investing heavily. b. capture as much of their business as possible in the short time they buy from a particular company. c. reduce the cost to serve them by imposing strict cost controls. d. increase the share of these customers' business. e. increase the amount of communication with them.
________ is an event that occurs when one person consciously decides to induce another person to rely and act on a misrepresentation
A) Fraudulent misrepresentation B) Unilateral mistake C) Bilateral mistake D) Erroneous misrepresentation
If a person accepts the benefit of an unauthorized transaction entered into by an agent or fails to repudiate it, then he is as bound by the act as if he had originally authorized it
Indicate whether the statement is true or false
Cronker Company, LLC, is a wholesale distributor of industrial packaging. A primary advantage that Cronker enjoys as an LLC that corporations do not have is
A. ease of formation. B. limited liability. C. avoiding double taxation. D. one class of outstanding stock. E. income taxes.