Which characteristics describe continuous change?
a. Sudden
b. Disruptive
c. Infrequent
d. Self-organized
d. Self-organized
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The cash discount terms for a purchase worth $1,000 made on August 1 are 3/10, net 30. How much will a buyer have to pay if he or she makes the payment on August 7?
A. $30 B. $970 C. $930 D. $1,000 E. $1,030
Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift. This assignment is:
a. not valid because it was not in writing. b. valid even though it was oral and there was no consideration from Will. c. irrevocable once Brandon has told Will about the gift. d. not valid because Will gave no consideration for the assignment.
The bid-asked spread is much lower for currencies that are infrequently traded in order to
compensate banks for providing the service. Indicate whether the statement is true or false
The viewpoint that high dividends increase stock values is based on which of the following
principles? A) the agency problem B) time value of money C) risk-return trade-off D) taxes bias business decisions