Benoit Asset Management guarantees a minimum return of 6% compounded monthly for 2 years. What is the total present value of 24 annual investment deposits of $6,600 each? Use Tables 23-2A and 23-2B or a calculator
$6,600 × 22.56287 = $148,914.94 present value
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A disadvantage of the concentrated targeting strategy is that
A. the firm's financial condition is tied to a single and specialized marketing mix. B. large sales volumes cannot be generated. C. production costs may be higher than with other strategies. D. marketing personnel may become dissatisfied with the limited opportunities provided by this approach. E. marketing costs are often higher than for other strategies.
Political repression and denial of rights and civil liberties are dominant ideals of ________.
A. a monarchy B. collectivism C. totalitarianism D. a socialist democracy
Compensation for injured parties accounts for ______ of the total cost of the tort system
a. about two-thirds b. over 80% c. more than half d. about three-fourths e. none of the other choices are correct
Consumers have become more dependent on businesses for product quality because:
A. Their technical competence allows them to inspect the products thoroughly. B. The complexity of products makes choices complicated for consumers. C. Competition has forced manufacturers to market lower-quality goods. D. Instructions for use or care of product are provided in clear and simple language.