A check involves three parties. The bank in which the drawer has money on deposit is called the
a. payer; b. drawer; c. payee; d. drawee;
e. endorser
D
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Explain cannibalization. How does a line extension strategy increase the risk of cannibalization?
What will be an ideal response?
What actions did The Port Authority of New York engage in that was an example of their acknowledgement of their responsibility to the wider community ?
a. Implemented the Operation Alternative program b. Kept the transportation-related facilities clean c. Instructed the police to remove all homeless people from the terminals d. Established additional bathroom facilities with showers to promote better cleanliness
Earl Miller receives an annual salary of $30,000. Today, his boss, Jay, informs him he will be getting a $3,500 raise. What percent of his old salary is the $3,500 raise? (Round answer to nearest hundredth percent.)
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is FALSE?
A) The geometric average return is a better description of the long-run historical performance of an investment. B) The geometric average return will always be above the arithmetic average return, and the difference grows with the volatility of the annual returns. C) The compounded geometric average return is most often used for comparative purposes. D) We should use the arithmetic average return when we are trying to estimate an investment's expected return over a future horizon based on its past performance.