If the defendant does not answer the complaint, a default judgment is entered against him or her.
Answer the following statement true (T) or false (F)
True
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When a notes receivable is discounted, the business that endorses the note becomes potentially liable to the bank. This liability is called a
a. potential liability. b. dependent liability. c. conditional liability. d. contingent liability.
Which of the following is a reason why the use of sales promotion has increased dramatically?
A. Customers are more responsive to advertising. B. Brand loyalty is increasing. C. Retailers are demanding greater promotional efforts from manufacturers to boost profits. D. Retailers are placing a stronger emphasis on long-term results versus short-term results. E. Customers are less responsive to personal selling.
Intangible assets are equally as or more valuable than financial and physical assets, but they are difficult to duplicate or imitate.
Answer the following statement true (T) or false (F)
If the Fed sells $10,000 in government securities, it will have the effect of
A) increasing the money supply. B) decreasing the money supply. C) having no effect on the money supply. D) changing the money supply, but the direction is not clear. E) unable to tell with the information provided.