A transaction is ________ while __________ is __________.
a. A cost/value/an asset
b. An event/strategy/a sound plan
c. A cost/strategy/long-term
d. An event/strategy/a process
d. An event/strategy/a process
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Toro ran a clever preseason promotion on some of its snow blower models, offering some money back if the snowfall in the buyer's market area turned out to be below average. This is an example of a ________
A) rebate B) premium C) price-off pack D) continuity program E) sweepstake
Firms include trading securities in _____ in the _____ section of the _____
a. held-to-maturity securities; current assets; balance sheet b. marketable securities; noncurrent assets; statement of cash flows c. marketable securities; current assets; balance sheet d. held-to-maturity securities; noncurrent assets; balance sheet e. held-to-maturity securities; current assets; statement of cash flows
Which of the following is true of a promissory note?
A) It is a three-party transaction. B) It is not an order to pay. C) The party who makes the promise is the lender. D) The payee cannot transfer a note to a third party.
Which of the following is NOT one of the reasons that International Business Law has become more uniform?
A) The forces of free trade, economic integration, and the globalization of business have accelerated the need for greater uniformity in IBL. B) Nations have had to cooperate in their legal responses to global issues, common problems, and technologies. C) All nations have agreed to practice and enforce the codes and legislation set down by the World Trade Organization. D) Private industry and trade organizations have encouraged the growth of uniform IBL.