Although products that remain in the maturity stage of the PLC seem unchanged, the most successful ones actually evolve to meet changing consumer needs

Indicate whether the statement is true or false


TRUE

Business

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Rudy was working as an applications developer in a software firm in San Jose. His employment contract was for three years at $100,000 a year. Two years into the contract, Rudy's employer fired him as a part of downsizing

Which of the following jobs could Rudy take in order to mitigate damages? A) Any job that offers $100,000 or more a year. B) Another software applications developer job, irrespective of the salary. C) A job in any software firm in any part of the country. D) An applications developer job in San Jose for $100,000 a year or more.

Business

A principal is contractually bound to a third party if the agent acts without any authority but the principal ratifies the contract

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

Business

Corporate bonds have a ________

A) face value of $5,000 B) market price of $1,000 C) specified coupon rate paid annually D) par value of $1,000

Business

Pam borrows $5,000 from Quality Auto Sales to buy a car. When Pam does not pay the loan or return the car, Quality wants to transfers the right to the payment to Rapid Collection Agency. Rapid agrees to pay Quality for this right, but for a price that

is less than the amount owed. Can Quality transfer this right to Rapid without Pam's consent? If so, and Quality committed fraud in the deal with Pam, could Pam legiti-mately refuse to pay Rapid? Explain.

Business