Dell and Amazon are examples of virtual organizations

Indicate whether the statement is true or false


TRUE

Business

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Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to open a new restaurant, and your uncle offers to give you $120,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment?

A. 6.85% B. 7.21% C. 7.59% D. 7.99% E. 8.41%

Business

All of the following are classified as liabilities except:

A. Accounts Payable. B. Notes Payable. C. Taxes Payable. D. Wages Payable. E. Accounts Receivable.

Business

D’Shawn’s organization is transferring him to Beijing. He will be paid according to the pay structure of the Chinese branch, but will receive an allowance to cover the additional housing costs he will incur. D’Shawn’s company is most likely employing a ______ approach to pay.

A. localization B. balance sheet C. split-pay D. local-plus

Business

Which of the following is most likely a service company?

A) a law firm B) a car dealership C) a grocery store D) a bakery

Business