A credit score of ________ would normally allow you to have easy approval for credit

A) 500
B) 600
C) 700
D) 1,000


Answer: C

Business

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Which of the following is a test of merchantability for all sales contracts?

A. The goods conform to the general description of the goods available in the market. B. The goods need not necessarily be packaged or labeled adequately. C. The goods conform to any promises or statements of fact made on the container or label. D. The goods are of different kind, quality, and quantity within each unit.

Business

Which of the following is not true regarding stock warrants?

a. Firms issue stock warrants to the general investing public for cash or attached to bonds. b. Holders of a bond or preferred stock with common stock warrants attached can detach and redeem the warrants separately from the bond or preferred stock. c. Holders of a bond or preferred stock with common stock warrants attached receives periodic interest or preferred dividends and holds a call option to purchase common shares. d. U.S. GAAP and IFRS require the firm to measure the fair value of the stock warrants separately from the value of the associated bond or preferred stock and allocate the issue price between the two securities. e. Firms issue stock warrants to their employees for cash or attached to bonds.

Business

The management of Vencura Inc. approves the purchase of a few computers for the sales team. The management wants only the most basic functions in the computers, such as managing the file system, reading programs and data into main memory, and allocating system memory among various tasks to avoid conflicts. In this scenario, which of the following categories of software does Vencura Inc. require?

A. System software B. Antivirus software C. Applications software D. Copylefted software

Business

If a firm busy on terms of 2/10 net 30, it should pay as early as possible during the discount period.

Answer the following statement true (T) or false (F)

Business