Karen writes on a piece of paper, "I owe you $600," signs it, and gives it to Lou. This instrument is
A. negotiable.
B. nonnegotiable, because it does not include an express promise to pay.
C. nonnegotiable, because it does not recite any consideration.
D. nonnegotiable, because it does not state any conditions to payment.
Answer: B
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_____ information attempts to describe something that is unknown.
Fill in the blank(s) with the appropriate word(s).
Identify the technique used by the salesperson who neither denies, answers, nor ignores the objection.
A. Rephrasing B. Boomerang C. Forestall D. Dodge E. Compensation
You borrowed $50,000 which you must repay in 10 years. You plan to make an initial deposit today, then make 9 more deposits at the beginning of each the next 9 years, but with the deposits increasing at the inflation rate. You expect to earn 5% on your funds, and you expect a 3% inflation rate. To the nearest dollar, how large must your initial deposit be to enable you to reach your $50,000 target?
A. $3,008 B. $3,342 C. $3,676 D. $4,044 E. $4,448
The leader’s power increases when employees _________.
a. are motivated b. comply with her decisions c. do not resist a decision d. are committed to her decisions