All other things held constant, the present value of a given annual annuity decreases as the number of periods per year increases.
Answer the following statement true (T) or false (F)
True
Rationale: One could make up an example and see that the statement is true. Alternatively, one could simply recognize that the PV of an annuity declines as the discount rate increases and recognize that more frequent compounding increases the effective rate.
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Suppose Bill's credit card is stolen and he notified his credit card company of this fact. Which of the following is true regarding the amount of unauthorized charges made before Bill notified his credit card company?
a. Bill is not responsible for any of the unathorized charges. b. Bill is responsible for the first $50 of unathorized charges. c. Bill is responsible for the first $100 of unauthorized charges. d. Bill is responsible for half of the unauthorized charges.
What is the difference between exclusive distribution and selective distribution?
What will be an ideal response?
Which of the following is characteristic of a product warranty?
A. It is the same as a service guarantee. B. It must be specific and in writing. C. It is governed by the federal Lanham Act. D. It can have a positive effect on perceptions of product quality. E. It must be for a minimum period of five years.
A typical involves changing some aspect the firm's internal corporate governance, such as the structure or composition of a firm's board of directors
a. proxy contest b. shareholder-initiated proposal c. initiation procedure d. takeover contest