To be truly marketable, a security must ________
A) be highly rated by a credit rating agency
B) have the characteristics of a callable bond
C) be readily convertible into cash
D) have a maturity of 10 years or more
C
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Which of the following statements is true of the writing requirement of contracts, according to the Statute of Frauds?
A) Contracts for the sale of goods for $500 need not be in writing. B) Contracts for the lease of goods with payments of $101 must be in writing. C) Finder's fee contracts need not be in writing. D) Promises made in consideration of marriage must be in writing.
Annual demand for a paperback dictionary at the bookstore is 1200 units. Ordering costs are 350, carrying costs are $6 per unit per year, and the lead time is 9 days. The bookstore is open for 300 days of the year. What is the reorder point?
What will be an ideal response?
For property insurance, an insurable interest must exist:
a. before the property is insured. b. at least 30 days before and after the loss is suffered. c. 30 days prior to the time the loss is sustained. d. at the time the property loss occurs.