Independent risk is more closely related to ________
A) unsystematic risk
B) systematic risk
C) common risk
D) diversification risk
Answer: A
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Bob, a merchant, makes an offer to Linda, another merchant, to buy 1,000 of her widgets in a signed letter containing all necessary terms of the offer. The letter states that Bob will keep the offer open for three weeks from the day the offeree receives it. One week later, Bob writes another letter to Linda attempting to revoke his offer. Linda writes a letter to Bob accepting Bob's original offer before she receives his revocation. Which of the following statements is true of this situation?
A. Promissory estoppel prevents the formation of a contract in this situation. B. Bob's revocation is effective and no contract is created. C. Linda's acceptance is effective and a contract is created. D. The offer cannot be revoked since it is an option offer.
The business analysis stage of new-product development explores how well the new product fits in with the firm's existing product mix.
Answer the following statement true (T) or false (F)
Which of the following was an accomplishment of the American Association of Public Accountants?
a.The passage of a law in 1896 that created the professional designation of “Certified Public Accountant” b.The founding of The Journal of Accountancy in 1905 c.The development of a list of terms and definitions in 1915 d.All of the above
Which of the following competitively important assets is typically excluded from a firm's balance sheet?
A. customer experience B. patents C. land and building D. accounts payable