A mortgage creates a security interest in real property
a. True
b. False
Indicate whether the statement is true or false
True
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Decisions are made when there are not only multiple states of nature, but they are also unpredictable and the decision maker cannot even make an educated guess about the chances, or probabilities, of their coming. This statement relates to which of the following scenarios?
a. decisions under certainty b. decisions under uncertainty c. decisions under state of nature d. decisions under risk
Following service of the plaintiff's complaint, defendant:
a. must file a responsive pleading b. may file a motion to dismiss c. may file an answer with an affirmative defense d. may only file a counterclaim e. all of the other choices are possible
Which of the following is not one of the examples of Porter's threat of new entrants? a. Capital markets
b. Economies of scale. c. Supplier concentration. d. Product life cycles. e. Brand equity and customer loyalty.
For Asian options,
A. the option holder chooses as the exercise price any of the asset prices that occurred before the final date. B. the exercise price is equal to the average of the asset's price during the life of the option. C. the option payoff is zero if the asset price is on the wrong side of the exercise price and otherwise is a fixed sum. D. the option is exercisable on discrete dates before maturity.