________ is usually raised as a defense to enforcement of a contract
Fill in the blanks with correct word
Statute of Frauds
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The concept of outsourcing to low-wage countries is an effort to please shareholders
Indicate whether the statement is true or false
An indorsement "Pay Alice Adams" is an assignment rather than a negotiation since it lacks words of negotiability
a. True b. False Indicate whether the statement is true or false
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 20 iterations before the process reached a steady state of 30 hours. If Weston has a 99% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 32.76 hours b. 31.33 hours c. 31.05 hours d. 28.72 hours
Why are arbitrage opportunities short-lived?
A) Federal regulations will kick in to restrict trade and effectively shut the opportunity down. B) Prices will fluctuate up and down as traders take advantage of the opportunity, resulting in the net present value (NPV) fluctuating between positive and negative values. C) Once investors take advantage of the opportunity, prices will respond so that the buying and selling price become equal. D) Arbitrage opportunities need a lot of information processing, which is very slow to arrive.