Many new ventures find that debt financing is
a. necessary.
b. a waste of time.
c. not an important consideration.
d. a minor source of funds.
ANSWER: a
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In oligopolistic industries, all firms normally charge the same price. What kind of a pricing method are they said to be following?
What will be an ideal response?
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?
a. John Rawls b. John Stuart Mill c. Immanuel Kant d. Milton Friedman
If a court applies res ipsa loquitur
a. the plaintiff needs to prove the case by a preponderance of the evidence. b. the plaintiff must prove the case by clear and convincing evidence. c. the defendant has the burden of proving he or she is not liable. d. the defendant is strictly liable.
Quik Downtown Delivery contracts with Rico's Tacos to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract. The next day, Quik again offers to deliver Rico's products. Rico's is willing to deal, but for a new price. Quik and Rico's
a. may agree to a new contract, but it cannot include a new price. b. may agree to a new contract that includes the new price. c. must perform their original contract. d. must perform the part of their original contract that is executory.