Jacob has been quite ill. When three of his neighbors come to visit one day, he tells them that he is dying and that he wants them to witness his oral will. In some states, he can validly dispose of his personal property by his witnessed, oral statements
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is not true of frequent-shopper programs?
A. Frequent-shopper programs are programs that identify and provide rewards to customers who patronize a retailer. B. Frequent-shopper programs are also commonly called loyalty programs. C. Frequent-shopper programs can provide customer information automatically to the retailer when customers have their program card scanned at the time of transaction. D. Frequent-shopper cards are issued on the basis of market basket analysis. E. Frequent-shopper programs include a private-label credit card offered by a retailer.
If a buying center is most influenced by authority in the business buying process, it can be safely concluded that ________ factors have a major influence on its buying behavior
A) technological B) systemic C) interpersonal D) strategic E) economic
An arrival in a queue that reneges is one who
A) after joining the queue, becomes impatient and leaves. B) refuses to join the queue because it is too long. C) goes through the queue, but never returns. D) jumps from one queue to another, trying to get through as quickly as possible. E) None of the above
Rawhide Outfitters had projected its sales for the first six months of 2012 to be as follows:
Jan. $50,000 April $180,000 Feb. $60,000 May $240,000 Mar. $100,000 June $240,000 Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. The company's cash balance as of March 1st, 2012 is projected to be $40,000, and the company wants to maintain a minimum cash balance of $15,000. Excess cash will be used to retire short-term borrowing (if any exists). The firm has no short-term borrowing as of March 1st, 2012. Assume that the interest rate on short-term borrowing is 1% per month. What was Rawhides' projected loss for March? A) $184,000 B) $84,000 C) $110,000 D) none of the above