The only requirement for a valid contract is that the parties voluntarily entered into it
a. True
b. False
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
1. The advent of charters granted by the British government allowed greater risk-taking in business ventures. 2. Business activities in the colonies prior to the American Revolution were quite weakly regulated. 3. Much of the inspiration for Adam Smith’s writings on capitalism came from his reaction to the dominance of mercantilism. 4. Adam Smith believed that division of labor would make businesses more competitive, but that excessive division of labor could hurt both business and worker. 5. The advent of capitalism brought about the appearance of slavery as a profitable and widely used system of exploitation.
The maturity value of a 12%, 60-day note for $5,000 is $5,600
Indicate whether the statement is true or false
Which of the following is an example of a company employing a specialization strategy? Select as many as apply.
A. Walmart decides to pressure its suppliers to keep costs as low as possible. B. Apple decides to create a phone that is unlike any other phone on the market. C. Harley Davidson decides that it will only manufacture motorcycles, not cars or other types of vehicles D. Dunkin' Donuts decides to focus on selling donuts rather than a variety of baked goods E. Starbucks decides against opening any kind of store location other than a coffee shop.
One of the disadvantages of issuing a zero coupon bond is that any tax shield associated with the bond's price appreciation cannot be claimed until the bond matures.
Answer the following statement true (T) or false (F)