Not all promises to pay are negotiable instruments

a. True
b. False
Indicate whether the statement is true or false


True

Business

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The profit margin equals

a. net sales divided by net income. b. gross margin divided by net income. c. net income divided by gross margin. d. net income divided by net sales.

Business

Only communication directed to individuals outside the organization requires use of the inductive approach

Indicate whether the statement is true or false

Business

Online trading communities that bring together buyers and supplier organizations to make possible the real time exchange of information, money, products, and services are referred to as

A. iCommerce. B. webfronts. C. X-changes. D. e-commerce marketspaces. E. e-marketplaces.

Business

In a carrier case, what is most important in determining when risk of loss passes from the seller

to the buyer? A) The seller's insurance policy terms B) The buyer's insurance policy terms C) When title passes D) The contract's shipping terms E) The price of the goods

Business