A foreign trade zone is where businesses can import goods for processing, assembly, or warehousing, without paying duties until the finished products are sent to the market

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


True

Business

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Three of the cylinders in an eight-cylinder car are defective and need to be replaced. If two cylinders are selected at random, what is the probability that a.two defective cylinders are selected?b.no defective cylinder is selected?c.at least one defective cylinder is selected?

What will be an ideal response?

Business

Independent retailer organizations are generally characterized by centralized decision making and by minimal layers of management personnel

Indicate whether the statement is true or false

Business

Generally Accepted Accounting Principles, developed by the Financial Accounting Standards Board, provide procedures and guidelines to be followed in the accounting and reporting process

Indicate whether the statement is true or false

Business

Marty, a 16-year-old, contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. Marty agrees to make monthly payments until the purchase price plus interest are paid in full. Which of the following is correct?

a. The contract is voidable by Marty. b. The contract is void as soon as it is made. c. The contract is voidable by Cream-of-the-Crop Cycles. d. The contract is voidable by either Marty or Cream-of-the-Crop Cycles.

Business