If a minor ratifies a contract while still being a minor, the contract cannot be disaffirmed
Indicate whether the statement is true or false
FALSE
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A country engages in a contractionary monetary policy that causes its income to decline and its interest rate to rise. This causes investors from other countries to increase their financial investments in that country, causing the interest rate in the investors' countries to rise. In this case, the business cycle is being transmitted internationally through ____ effect.
A. a trade B. an interest-rate C. an exchange-rate D. an expected-inflation
Which of the following describes the limitations of vendor-managed inventory that retailers may encounter?
A. It is an added cost with little benefit for the retailer. B. Since the vendor owns the merchandise until it is sold by the retailer, at which time the retailer pays for the merchandise, a retailer bears a financial risk. C. Retail buyers and planners need to monitor inventory levels. D. When the vendor coordinates the supply chain for its specific products, it does not know what other actions the retailer is taking that might affect the sales of its products in the future. E. It takes longer for a product to go from design to ordering the product to having the product on the selling floor.
Stocks A and B each have an expected return of 15%, a standard deviation of 20%, and a beta of 1.2. The returns on the two stocks have a correlation coefficient of +0.6. Your portfolio consists of 50% A and 50% B. Which of the following statements is CORRECT?
A. The portfolio's expected return is 15%. B. The portfolio's standard deviation is greater than 20%. C. The portfolio's beta is greater than 1.2. D. The portfolio's standard deviation is 20%. E. The portfolio's beta is less than 1.2.
A return of goods from a customer to a retailer is called:
a. sales allowance. b. sales discount. c. sales return. d. credit memo.