What is considered as the supreme law of the land in the United States?
A) judicial decisions issued by the state courts
B) the Constitution of the United States of America
C) the federal statutes passed by the United States Congress
D) executive orders passed by the president
B
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Consider a one-year coupon bond that has a present value of $2,000. If the annual rate of discount is 5 percent, and the payment made at the end of each year is $140, the principal amount to be repaid at the end of one year is
A. $1,234.65. B. $1,363.32. C. $1,960.00. D. $2,000.00.
Peter Adams, an entrepreneur, decided to start a new technology venture. As he needed servers and computers for his company, he decided to order these from a local vendor who was offering attractive discounts. In this instance, Peter ________
A) faces a new task situation B) faces a modified rebuy situation C) is most likely to benefit the most from reverse auction D) faces the need for product differentiation E) plans to attract customers by offering products at below-market prices
Use the following information for Ephron Company to compute days' sales in inventory for Year 2. (Use 365 days in a year.) Year 2 Year 1Net sales$547,500$572,000Cost of goods sold 348,500 370,840Ending inventory 75,700 81,400
A. 50.5 B. 82.3 C. 76.8 D. 79.3 E. 52.4
A firm faces the high cost of missed opportunities when
A. it has an ineffective positioning statement. B. it doesn't offer a new marketing mix. C. it introduces a marketing mix that fails. D. the purchasing power of its target customers is low. E. its products are rejected by a certain market segment.