If a bond offers an investor 10.75% in nominal return during a year in which the rate of inflation was 3.9%, then the investor's real return was:

Lloyd's of London restricts its underwriting to heterogeneous loss exposures, such as a star quarterback's arm or a famous dancer's legs.

a. true b. false

After the need has been determined, the next step in the buying sequence is ________ for the product or service needed

A) determining the characteristics B) establishing specifications C) searching for and qualifying potential suppliers D) requesting proposals from qualified suppliers