Credit terms must specify which of the following:
a. the interest rate, if any, that applies to the sum owed b. the principal of the debt
c. payment dates
d. all of the other specific choices must be specified
e. none of the other specific choices must be specified
d
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Which is an example of feedback in a marketing channel?
A) new product development B) a customer complaint C) a decision to begin international operations D) removing a product from the market
Ginnie's, a candy manufacturing company, sees a sudden rise in the consumption of its kiwi-flavored candies. Thus, the company hires more labor and buys additional supplies to increase the production of these candies. In this scenario, the costs incurred by the company for purchasing these supplies and hiring more labor exemplify the company's _____.
A. variable costs B. implicit costs C. indirect costs D. fixed costs
A firm has a current ratio of 1; in order to improve its liquidity ratios, this firm might ________
A) improve its collection practices by providing extended credit policy B) improve its collection practices and pay accounts payable, thereby decreasing current liabilities and decreasing the current and quick ratios C) decrease current liabilities by utilizing more long-term debt, thereby increasing the current and quick ratios D) increase inventory, thereby increasing current assets and the current and quick ratios
A contract for a work of art is a personal contract
Indicate whether the statement is true or false