An attorney’s commission of a crime constitutes professional misconduct even absent proof that it reflects adversely on the person’s fitness as a lawyer.
Answer the following statement true (T) or false (F)
False
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In the interbank market for foreign exchange, the ____ refers to the difference between the offer rate and the bid rate.
a. cross rate b. option c. arbitrage d. spread
Which of the following is NOT a major data source for a marketing information system (MIS)?
A) internal company data B) market intelligence C) market research D) acquired databases E) modeling software
Pollard enters into a sales contract to purchase a specific Picasso painting from Jenson for $15 million. When Pollard tenders payment, Jenson refuses to sell the painting. Which of the following remedies can Pollard exercise to retrieve the painting from Jenson?
A. remedy to cover B. remedy to recover damages for nondelivery C. remedy to obtain specific performance D. remedy to cancel the contract
A method by which one can compare cash flows across time—either as what a future cash flow is worth today (present value) or what an investment made today will be worth in the future (future value)—is called
A) time-value of money. B) compounding. C) simple interest. D) opportunity cost.