Once an entrepreneur's company is successful, the entrepreneur no longer has to sell
Indicate whether the statement is true or false
FALSE
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Days' payable is the shortest in which of the following industries?
a. Grocery stores b. Computers c. Machinery d. Auto and home supply
Nonnegotiable instruments are negotiated by holders in due course
Indicate whether the statement is true or false
Accessing capabilities through an external source can be accomplished through all of these EXCEPT
A. strategic alliances, which should be selected as much for management style, culture, and goals as for their resources and capabilities. B. outsourcing, but depends on what can safely be delegated to outside suppliers. C. promoting qualified people with the right know-how in a timely and cost-effective manner. D. joint ventures, which depend on how well the partners will work together. E. learning-based collaborative partnerships for the purpose of learning how the partner does things, internalizing its methods, and thereby acquiring its capabilities.
Which of the following statements is TRUE?
A) A minor can never make a contract. B) Parents are liable for their children's contracts. C) A minor can make a contract for necessities (necessaries). D) If an adult honestly believes a minor is over the age of majority, the contract is binding on the minor. E) If a minor pays the contract price in full, the contract is valid.