The inclusion of multiple language options in automated bank teller machines illustrates how some marketers are responding to
A. situational buying.
B. social class fragmentation.
C. emerging reference groups.
D. the growing singles market.
E. growing ethnic groups.
Answer: E
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Bernie wants to go into the business of construction contracting. Among the reasons that would probably convince Bernie to set up his business as a sole proprietorship would be
a. its greater flexibility. b. its limited liability. c. its perpetual existence. d. the ease of transferring the business to other family members.
Use the information in Scenario C.1. What is the maximum inventory if Jerry chooses to produce at the economic production lot size (ELS)?
A) fewer than or equal to 300 units B) greater than 300 units but fewer than or equal to 320 units C) greater than 320 units but fewer than or equal to 340 units D) greater than 340 units
Consider that you are paying back a fully amortized loan. Which of the following statements is most correct?
A) Later loan payments involve larger amounts of principal repayment. B) The actual loan payments vary from year to year. C) After the last loan payment is made, there is still a large principal repayment remaining. D) Early loan payments include smaller amounts of interest payments. E) None of the above statements are true.
Requirements for Negotiation. Thomas Fink, Donald Schroer, David Swanson, and Marie Swanson—doing business as F.S.S.S., a partnership—signed two promissory notes to borrow money from the Alaska Mutual Bank (AMB), providing the same real estate as
collateral for both loans. Patricia Fink and LaVonne Schroer signed guaranties of repayment for the second note. AMB failed. The first note ended up in the hands of the First Interstate Bank of Oregon. The second fell into the possession of the Federal Deposit Insurance Corp (FDIC). When Fink, Schroer, and the Swansons were unable to repay the first note, the Oregon bank agreed to accept a lesser amount if the FDIC would approve. The FDIC refused and filed a suit in a federal district court against the Finks, the Schroers, and the Swansons to collect the money due on the note that the FDIC now owned. On the FDIC's motion for summary judgment, one of the issues was whether Patricia and LaVonne's guaranties were negotiable instruments. If so, Patricia and LaVonne could have asserted a certain defense under which they might have been able to avoid liability. Did the guaranties satisfy the requirements for negotiable instruments? Explain.