The rate at which major financial institutions offer to lend to their most creditworthy customers is called the prime rate
a. True
b. False
Indicate whether the statement is true or false
True
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____________are moral principles or rules that determine ethical behaviors.
a. Values b. Ethics c. Expectations d. Norms
Relationship retailing focuses on keeping existing customers, as well as attracting new ones
Indicate whether the statement is true or false
Cliff Company traded in an old truck for a new one. The old truck had a cost of $270,000 and accumulated depreciation of $162,000. The new truck had an invoice price of $277,000. Huffington was given a $107,000 trade-in allowance on the old truck, which meant they paid $170,000 in addition to the old truck to acquire the new truck. If this transaction has commercial substance, what is the recorded value of the new truck?
A. $270,000 B. $108,000 C. $170,000 D. $277,000 E. $278,000
A specialty store is considering locating a retail store in a regional shopping mall. Which of the following is NOT a likely benefit associated with a locating in a mall?
A. anchors that attract customers B. ample parking C. unified image of mall D. ability to target different demographics groups E. inexpensive leases