Time paper is payable at a definite time
Indicate whether the statement is true or false
True
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________ are the major factors influencing the selection of suppliers for natural products
A) Price and delivery reliability B) Product features and customization C) Price and customization D) Delivery reliability and product features E) Customization and delivery reliability
Max Shell borrows money from a bank to finance his clothing business. He signs a demand loan. After 10 year of operating his business and making regular payments on his line of credit, he begins to experience financial difficulty
The bank gets nervous and calls in the loan. Max meets with the bank manager and asks for time to raise the money. The manager says, "Sorry, Max, business is business." Max leaves the bank, returns to the store, and finds a bank-appointed receiver in charge. Is there anything Max can do? A) No. A demand loan means that the bank can demand repayment at any time. B) No. Max would have been better off signing a term loan rather than a demand loan, since he would then have had to the end of the term to come up with the money. C) Yes. The bank did not act in good faith and the courts will apply principles of equity. D) Yes. Even though this was a demand loan, the bank was obliged to give Max a reasonable amount of time to meet the demand. E) Both A and B
Virtual organizations ________ whereas modular organizations ________.
A. accept interdependent destinies; pursue collective strategies B. are usually permanent; are usually temporary C. give up part of their strategic control; retain full strategic control D. pursue collective strategies; forfeit strategic control
Uncertainties from the development of new competing products are not contingent liabilities.
Answer the following statement true (T) or false (F)