Today's word processing software is capable of automatically generating a table of contents
Indicate whether the statement is true or false.
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An advertising elasticity of 0.35 means that for every one percent change in advertising expenditures there will be an estimated ________ percent change in volume sold
A) 0.0035 B) 0.035 C) 0.35 D) 3.5 E) 35
The state of Transas has set a maximum interest rate of 12 percent on loans. Matt borrows $10,000 from Tony to pay off a gambling debt. Both are residents of Transas
They sign a contract, which states that Matt would have to pay $1,500 as interest in one year to pay off the loan. Later, Matt gets to know about the state usury limit and sues Tony. What is the nature of the contract between Matt and Tony? A) It is illegal as it violates gambling statutes. B) It is legal as both parties were competent when the contract was signed. C) The contract is void as it violates usury laws. D) The contract is void as it is a contract to commit a crime.
Sally buys a used riding lawn mower from the local mower dealership. The lawn mower had a
sign on it that said "as is." The dealer made no promises concerning the performance of the lawn mower. When Sally attempts to use the lawn mower, the brakes fail, the lawn mower crashes into a wall, and Sally is injured. When Sally sues the dealer, what is the outcome? A) Sally wins; she can recover on the basis of implied warranties only. B) The dealer wins; there were no express warranties and all implied warranties have been successfully disclaimed. C) Sally wins; she can recover on the basis of either express or implied warranties. D) Sally wins; she can recover on the basis of express warranties only.
The Apple iPod changed the way people listen to music but it also created an entirely new industry devoted to accessories such as cases, ear buds, docking stations, and speakers. The Apple iPod is considered a
A. pioneer product. B. early adopted product. C. diffused product. D. introductory product. E. mature product.