One promise may serve as consideration for many return promises

Indicate whether the statement is true or false


True

Business

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Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets:        Cash$140 $160   Accounts receivable, net 210  230   Inventory 240  200   Prepaid expenses 10  10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The current ratio at the end of Year 2 is closest to:

A. 0.80 B. 1.67 C. 0.41 D. 0.32

Business

The number of shares issued less the number of shares of treasury stock is the ____________________ shares

Fill in the blank(s) with correct word

Business

When designing a research study, what two things do marketing researchers hope their measures achieve?

A. variety and subjectivity B. reliability and validity C. quantity and quality D. objectivity and simplicity

Business

Which of the following companies is involved in foreign licensing?

A. An American electronics company that establishes a subsidiary in Asia to cut down its cost of production B. A European company that grants a company in Asia the rights to produce and sell its products C. An African company that starts a new business venture by working together with an Asian company D. A North American company that buys a small African company and uses it to manufacture its products

Business