What type of business product is General Motors purchasing when it asks a law firm for bankruptcy advice?

A. installation
B. accessory
C. emergency product
D. component
E. professional service


Answer: E

Business

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The medium with the longest lead time is _____

a. radio b. direct mail c. telephone directories d. magazines

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Acme Farm Equipment operates worldwide and is organized into a(n) ________ structure. Within this structure, each of the four division presidents and their respective employees are committed to the tractor, planter, combine, and silo businesses, respectively. Within these four divisions, task responsibilities are clear, and managers are more independent and accountable.

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Business

An agreement to pay for an item in fixed, regular payments is called

a. a charge account. b. a bank loan. c. an installment loan. d. none of these.

Business