Commercial paper is a short-term security issued by corporations for commercial purposes
Indicate whether the statement is true or false.
Answer: TRUE
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Assume the U.S. has a competitive advantage in producing calculators, while the rest of the world has a competitive advantage in steel. Suppose the U.S. and the rest of the world enter into an agreement to lower import quotas below existing levels on calculators and steel. Which of the following would least likely occur for the U.S.? Rising levels of
a. consumer surplus for American buyers of steel. b. producer surplus for American steelmakers. c. production in the American calculator industry. d. producer surplus for American calculator producers.
The total fixed cost for Harold, a salesperson, is $20,000 per month. Harold generates 25% gross profit on the products he sells. If Harold sells $200,000 worth of merchandise in six months, which of the following statements is true?
A. Harold generated $30,000 gross profit for the company. B. By having Harold, the company incurred a direct loss of $70,000. C. Harold generated $120,000 in gross profit for the company. D. By having Harold, the company incurred a direct loss of $280,000. E. Harold sold $120,000 worth of goods, which equals the BEP.
Which of the following is not a characteristic of a general partnership?
A) the partnership is created by a contract B) mutual agency C) partners share equally in net income or net losses unless an agreement states differently D) dissolution occurs only when all partners agree
A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment.
Answer the following statement true (T) or false (F)