Anticipation of inflation discourages? 1. saving 2. borrowing 3. lending 4. purchasing goods
A. ?1 and 2
B. ?1 and 3
C. ?2 and 3
D. ?3 and 4
Answer: B
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A production process produces 3% defective parts. A sample of five parts from the production process is selected. What is the probability that the sample contains exactly two defective parts?
A. 0.9918 B. 0.0082 C. 0.0003 D. 0.9997
In evaluating an LBO's asking price, an entrepreneur can use subjective measures such as evaluating the abilities of key personnel remaining with the firm.
Answer the following statement true (T) or false (F)
It is common for transactions to involve multiple contracts. Identify at least four contracts that might be involved in Costello's sale of land to Johnston
In cases involving transactions via the internet, the courts have adopted a 'sliding scale' to determine whether they can exercise personal jurisdiction
a. True b. False Indicate whether the statement is true or false