All of the following are advantages of licensing EXCEPT:
A. the low risk to the company granting the license.
B. the foreign country gains employment by having the product manufactured locally.
C. the licensee gains information that allows it to start with a competitive advantage.
D. the licensor's brand name can never be harmed as a result of the licensee.
E. the capital-free entry into a foreign country.
Answer: D
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Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan?
A. 8.46% B. 8.90% C. 9.37% D. 9.86% E. 10.38%
What is the 2019 current ratio? (Round your answer to two decimal places.)
The financial statements of Trenton Office Supply include the following items:
A) 0.85
B) 0.57
C) 1.18
D) 1.68
In addition to performance, the salary earned by a sales manager is LEAST related to:
A. the number of salespeople managed. B. the number of hours worked every week. C. the annual sales volume of the firm. D. the annual sales volume of units managed. E. the length of experience in sales.
Which of the following is a characteristic of partnerships?
A) Unlimited life B) Limited liability C) Involuntary association D) Mutual agency