An agreement to settle a debt for less than the sum claimed is referred to as
a. a promisory estoppel.
b. an accord.
c. a satisfaction.
d. rescission.
b
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In general, businesses have not altered their marketing management philosophies much since the eighteenth century
Indicate whether the statement is true or false
Business process integration refers to which of the following?
a. Selling key processes to competitors to apply pressure to innovate b. The coordination of process design efforts within a company c. The sharing and coordination of key processes between companies in a supply chain d. Quality control initiatives that span multiple firms
With its current financial policies, Flagstaff Inc. will have to issue new common stock to fund its capital budget. Since new stock has a higher cost than reinvested earnings, Flagstaff would like to avoid issuing new stock. Which of the following actions would REDUCE its need to issue new common stock?
A. Increase the percentage of debt in the target capital structure. B. Increase the proposed capital budget. C. Reduce the amount of short-term bank debt in order to increase the current ratio. D. Reduce the percentage of debt in the target capital structure. E. Increase the dividend payout ratio for the upcoming year.
Robert Weed is considering purchasing life insurance. He must pay a $180 premium for a $100,000 life insurance policy. If he dies this year, his beneficiary will receive $100,000
If he does not die this year, the insurance company pays nothing and Robert must consider paying another premium next year. Based on actuarial tables, there is a 0.001 probability that Robert will die this year. If Robert wishes to maximize his EMV, he would not buy the policy if the EMV were negative for him. He has determined that the EMV is, negative for him, but decides to purchase the insurance anyway. Why? A) He believes that the actual likelihood of his death occurring in the next twelve months is really much greater than the actuarial estimate. B) While the EMV is negative, the utility gained from purchasing the insurance is positive, and high. C) Mr. Weed is not rational. D) A or C E) None of the above