What is the first and most important question to ask when evaluating product-market opportunities?
A. "How far along is our research and development effort in this area?"
B. "How much do we need to invest in this product?"
C. "How much profit will we make this year?"
D. "What is the sales forecast for this product?"
E. "How does it fit with our objectives and resources?"
Answer: E
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A de facto corporation:
A. did not exist when there was an honest attempt to comply with the mandatory provisions of the corporate statute. B. existed when the promoters substantially complied with all mandatory provisions. C. was permitted to deny its corporate existence. D. could not be challenged by a third party.
More people fear speaking in public than fear dying
Indicate whether the statement is true or false.
To purchase a house, Ethel obtains a mortgage loan from Fidelity Bank. Later, Ethel is unable to make payments on the loan. Meanwhile, the market value of the house has declined. Fidelity agrees to a sale of the property for less than the amount due on the loan. This is
A. forbearance. B. a short sale. C. a workout agreement. D. none of the choices.
For an offer to be valid:
a. the offeree must have knowledge of the offer. b. the offeree must have first-hand knowledge of the offer. c. the offer must be stated or communicated by words. d. the offer must be made by the offeror.