The legal concept of 'let the buyer beware,' which was pervasive in the American business culture prior to the 1960s, is referred to as ________.
A. mea culpa
B. ?est la vie
C. quid pro quo
D. ad nauseum
E. caveat emptor
Answer: E
You might also like to view...
A salesperson should consider ________ when determining how often to call on an account.
A. the gender and age of the customer B. the company's revenue figures for the previous year C. number of employees in the organization D. present and potential sales to the account E. the account's mission statement
Debt guarantees are:
A. Considered to be an unearned revenue. B. Recorded as liabilities even though it is highly unlikely that the original debtor will default. C. Considered to be contingent liabilities. D. A bad business practice. E. Never disclosed in the financial statements.
If a decision maker can assign probabilities of occurrences to the states of nature, then the decision-making environment is Decision Making under Uncertainty
Indicate whether the statement is true or false
The expected rate of return implied by a given market price equals the required rate of return for
investors at the margin. Indicate whether the statement is true or false