To be merchantable, goods must be at least average, fair, or medium-grade quality.
Answer the following statement true (T) or false (F)
True
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Nike recently adopted the slogan "Here I am" for its pan-European clothing advertising targeting women. The decision to drop the famous "Just do it" tag line was based on the research indicating that:
A) the famous slogan did not have accurate translation in European languages. B) Europeans do not like tag lines that portray American thinking. C) college-age women in Europe are not as competitive about sports as men are. D) the old slogan conveys superiority of men over women. E) European women want to differentiate themselves from men.
There are five stages in the consumer purchase decision process. The third stage is ________.
A. purchase decision B. problem recognition C. alternative evaluation D. opportunity testing E. information search
If the firm becomes insolvent, in order to settle debts creditors can claim
a. the assets of the corporate entity. b. the owners' business and personal assets of partnerships. c. the owner's business and personal assets of sole-proprietorships. d. all of the above. e. none of the above.
A premium is
A) the increase in cash value from investment returns. B) a return payment on the cost of the policy. C) a periodic payment for life insurance. D) not collected by mutual insurance companies.