A ________ is an investment group that privately agrees to come together for the purpose of financing a large commercial project that none of the members could finance alone
A) joint stock company
B) syndicate
C) joint venture
D) franchise
B
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The nominal interest rate in an economy is 5 percent, and there is also a 15 percent probability of having cash lost or stolen in the economy. Given this information, what is the cost of going to the ATM for an individual who spends $10 daily and has a total cost of holding cash = (365/T) + T. Assume that the individual visits the ATM once in every T days.
A. $1 B. $2 C. $3 D. $4
If a bank pays a check after it has received a stop-payment order and has to reimburse its customer for the improperly paid check, it acquires all the rights of its customer against the person to whom it originally made payment, except for rights arising from the transaction on which the check was based.
Answer the following statement true (T) or false (F)
Sales jobs differ from other jobs because sales jobs require:
A. limited human relation skills and interpersonal skills. B. no basic or intermediate computer skills. C. a sense of reciprocity by responding to a positive action with another positive action. D. more physical stamina and mental toughness than most other types of jobs. E. less creativity involving the discovery of new ideas.
An overall ________ position enables a firm to achieve above-average returns because it protects firms against powerful buyers.
A. high-cost B. low-cost C. focused D. differentiation