In most states, contracts for the lease of goods with payments of $2000 require to be in writing
Indicate whether the statement is true or false
TRUE
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Define the gray market
What will be an ideal response?
Mark Adams is a salesperson with a pharmaceutical company. Mark divided his territory into four sections as shown below. What is the major flaw in arranging the accounts in this fashion?
A. The number of sections formed by Mark allows little flexibility. B. The number of sections should be an odd number. C. The small accounts are unequally distributed. D. Daily mileage is greatest in section 3. E. The extra-large accounts are unequally distributed.
Which of the following statements about the corporate form of business organization is correct?
A. A corporation has the legal authority to act like a person when conducting business. B. In the United States, corporations generate a lower percentage of total annual sales than either partnerships or proprietorships. C. Corporations generally are smaller than either partnerships or proprietorships. D. One of the most important features of the corporate form of business organization is that stockholders have unlimited liability. E. Corporations can operate under different degrees of formality, ranging from informal, oral understandings to formal agreements filed with the secretary of the state in which the corporations do business.
Which of the following statements is true of how the globalization of companies has affected the global economy?
A. Accelerating productivity growth has allowed companies to become more competitive. B. Open borders have allowed new ideas and technology to flow freely. C. There is a growing fear that globalization only benefits big businesses. D. All of these