Nelson writes Leah a check for mowing his lawn. Leah deposits the check in her bank, but it is not paid by Nelson's bank. Leah calls Nelson to notify him that her bank returned his check to her unpaid. Leah's notice of the dishonor is insufficient; she must provide written notice

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Exploratory research is used in all of the following cases except ________

A) selecting the course of action to take in a given situation B) when you must define the problem more precisely C) when you must identify relevant courses of action D) when you must gain additional insights before an approach can be developed

Business

The first mental step of a prospect's buying decision is:

A. purchase. B. attention. C. conviction. D. desire. E. interest.

Business

On January 1, a company issues bonds dated January 1 with a par value of $200,000. The bonds mature in 3 years. The contract rate is 4%, and interest is paid semiannually on June 30 and December 31. The market rate is 5%.  Using the present value factors below, the issue (selling) price of the bonds is: n= i= Present Value of an Annuity(series of payments) Present value of 1(single sum)3 4.0%  2.7751 0.88906 2.0%  5.6014 0.88803 5.0%  2.7232 0.86386 2.5%  5.5081 0.8623

A. $172,460. B. $22,032. C. $200,000. D. $194,492. E. $205,607.

Business

Which of the following is NOT a step in implementing an effective CFSCM program?

a. Establish two-way communication between customers and suppliers. b. Understand customers’ strategic service needs. c. Establish functional interfaces between the company and its supply chain partners. d. Improve customer satisfaction through sales discounts.

Business