A “prudent person” is also known as
A. a tort.
B. the reasonable standard.
C. indemnification.
D. a personnel risk.
Answer: B
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________ is an agreement between competitors to divide markets or geographic regions.
Fill in the blank(s) with the appropriate word(s).
Justine went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ground beef selling for $4.49/lb. At her normal grocery store, she can get the same quality beef for $3.29/lb., a price Justine feels is reasonable. $3.29/lb. for ground beef is Justine's
A. benchmark price. B. reasonable price. C. dynamic price. D. reference price. E. break-even point.
Pisano et al. (2017) identified two main approaches to corporate strategy, namely:
a. prescriptive and predictive. b. prescriptive and emergent. c. nascent and emergent. d. none of these.
The sale of goods to a buyer who requires as a condition of the sale that the seller buy other goods made in that country, is called:
a. countertrade. b. counterpurchase. c. buy-back. d. barter.