Which of the following statements about the financing of international trade is correct?
A) International trade means the trading of financial assets for foreign exchange. B) Most international transactions are made with gold. C) Imports are more important than exports to the economy of a nation. D) Exports provide the foreign currencies needed to pay for imports.
Why did Smart Skin Care choose to first seek out and market primarily to 30-somethings who engaged in extreme sports?
A) They needed to test the product with a real-life sample group before bringing it to a wider audience. B) They needed this group as a beachhead market because the larger sunscreen market was too competitive and diverse. C) Marketing suggested this was where the greatest profitability in the life cycle of their product could be found. D) They knew that marketing to the "early majority" group would pay greater dividends faster than seeking out innovators and early adopters.
Three conditions must be met for a drawer or endorser to become liable.First,the holder of the instrument must present the instrument in a proper and timely fashion.Second,the instrument must be dishonored.Third,notice of the dishonor must be given to the drawer.
AM
Answered
Three possibilities have probabilities 0.5,0.4 and 0.1 and values $10,$20,and $30 respectively.The expected value is: