Tom volunteered to build the stage for his community theater group. He asked each member of the group to sign a hold-harmless agreement absolving him of liability if the construction was defective and injuries occurred. Tom's use of the hold-harmless agreement illustrates which method of dealing with risk?

A buyer's agent submitted an offer to purchase a home to a seller along with a $10,000 personal note as the earnest money deposit. The buyer's agent is to:

a. inform the seller that the earnest money deposit is a personal note prior to the seller's acceptance of the offer. b. avoid telling the seller what form of earnest money deposit that accompanies the offer is in. c. never accept a personal note as an earnest money deposit. d. refuse to present the offer.

When Carrefour, Tesco, or Walmart set up shop in developing countries, they provide customers with access to more products but at higher prices than were available previously. This is an example of global retailing

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