A letter of intent summarizes progress made during business negotiations, but more importantly, it creates a binding contract

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Which of the following countries is a part of the North American Free Trade Agreement (NAFTA)?

A. Greenland B. Bermuda C. Costa Rica D. Mexico

Business

Developing a relationship on the first visit is becoming increasingly important in the _____________ stage of the personal selling process.

A. prospecting B. preapproach C. approach D. making the presentation E. overcoming objections

Business

The repurchase of shares reduces the number of outstanding shares

Indicate whether the statement is true or false

Business

If an instrument is payable to bearer, it can be negotiated by transfer of possession alone

Indicate whether the statement is true or false

Business