An example of an implicit transaction is
A) a cash sale.
B) a credit purchase of inventory.
C) the receipt of cash in advance of providing services.
D) the expiration of prepaid rent.
E) a credit sale.
D
Business
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The courts of one nation cannot question the actions undertaken by another nation within the
other nation's borders under the: A) Extradition doctrine. B) Comity doctrine. C) Sovereign immunity doctrine. D) Expropriation doctrine. E) Act of state doctrine.
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In finance, an efficient market is one in which:
A) prices are assumed to be correct. B) prices adjust quickly and accurately to new information. C) prices are the best allocators of capital in the macro economy. D) all of the above
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