Which of the following is true of the Garn-St. Germain? Act?
A. ?It allows thrifts to invest up to 10 percent of portfolios in riskier assets such as stocks and real estate.
B. ?It creates the system of national banks to be chartered by the Comptroller of the currency.
C. ?It creates the Federal Reserve system and gives it the responsibility as the lender of last resort.
D. ?It prohibits commercial banks from investment banking activities.
Answer: A
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An acceptance is effective as soon as it is dispatched if the offeree uses:
A. an authorized or a stipulated means of communication. B. only a stipulated means of communication. C. any reasonable means of communication. D. only an authorized means of communication.
There is a role for science and theoretical reason in any study of ethics.
Answer the following statement true (T) or false (F)
In studying 18 successful organizations, Collins and Porras found that all such companies were continually
A. crushing the competition. B. changing, progressing, and adapting. C. maintaining their past successes. D. holding on to winning formulas. E. competing, profiting, and winning.
You are the head of sales training for a major financial services firm in New York City. You are conducting a sales training class for a group of new sales trainees. You are a strong believer in using a structured approach to personal selling.Based on this information, which of the following personal selling process steps are you going to tell the trainees to perform first?
A. Develop a database of potential customers. B. Develop an engaging sales presentation. C. Practice closing the sale. D. Develop a prospect follow-up checklist. E. Analyze information about potential customers' needs.