A warranty is a contract in which the seller guarantees the nature of the product.
a. true
b. false
Answer: a. true
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In order to obtain information about benchmarks, a manager might join a trade association for the company's particular industry
Indicate whether the statement is true or false
Morgan’s team sometimes feel as if they are all puppets being controlled by a string. Their boss sets goals, then uses her power to change the goals as soon as people are close to accomplishing the task. She often refuses to sign off on hard work. Her team members feel that she wants to make them look bad, as she is afraid that others might perceive them as better than her. Morgan’s group is effected by which type of organizational politics?
A. the weeds B. the rocks C. the high ground D. the woods
Modigliani and Miller's first article led to the conclusion that capital structure is "irrelevant" because it has no effect on a firm's value. However, that article was criticized because it assumed that no taxes existed. MM then revised their original article to include corporate taxes, and this model led to the conclusion that a firm's value would be maximized if it used (almost) 100% debt.
Answer the following statement true (T) or false (F)
If an instrument is payable to bearer, it can be negotiated by transfer of possession alone
Indicate whether the statement is true or false