What does a person need if he or she is not able to pay for a planned purchase in full with a check or cash?

A. a credit card

B. good credit score

C. a long-term loan from a bank

D. an interest-free loan from a credit union

Elizabeth has decided to purchase a new electric juicer and plans to call several friends for updated information about alternative brands.

Flapper Jack's Pancake Restaurants Inc. sells franchises for an initial fee of $36,000 plus operating fees of $500 per month.

Ethical dilemmas can complicate decisions where there is no legal precedent or established procedures. A. TRUE B. FALSE

Jamal is a nurse and earns $48,000 per year. He lives in California and pays about 6 percent of his income in state income taxes. His sales tax rate is 8 percent. Diamond is an accountant and earns $50,000 per year.

Economic theory is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development and use of a model to test hypotheses. D. None of the above.

Which of the following debts could possibly be forgiven under chater 7 bankrupcy? A. Alimony B. Child support C. A student loan D. Credit card debt

What should a potential employee consider before agreeing to a contract? a. Salary b. Benefits c. Pension d. All of the above

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:Year Cash Flow0 - $ 27,200 1 11,200 2 14,200 3 10,200 If the required return is 16 percent, what is the IRR for this project?

An owner of land may involuntarily and unknowingly give up the rights to land. When a fee simple interest is conveyed to a new owner without a deed and without the consent or knowledge of the original owner, this is said to be conveyed by:A.

Respond to the following comments: a. "I like the IRR rule. I can use it to rank projects without having to specify a discount rate. b. "I like the payback rule.