An agreement modifying a sales or lease contract needs no consideration to be binding
Indicate whether the statement is true or false
TRUE
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What are the principal managerial components of the strategy execution process developed by Zara, the world's largest fashion retail chain?
A. spending no money on advertising, which is a hallmark of cost-effective strategy execution B. meeting industry standards in how value chain activities are performed C. tightly aligning design, production, advertising, and real estate with the overall strategy of fast fashion D. producing and marketing high fashion clothing that retail for luxury prices E. using periodic deep discounting to move unsold clothing inventory
The number one requirement for a group to work well together is trust
Indicate whether the statement is true or false
How many decision variables are in the LP formulation?
A) 1 B) 2 C) 3 D) 4
Which of the following statements about the use of risk-based capital requirements is (are) true?
I. Insurers must have a certain amount of capital depending on the riskiness of their investments and insurance operations. II. Insurers may be required to take certain actions depending on how much capital they have relative to their risk-based capital requirements. A) I only B) II only C) both I and II D) neither I nor II