Which of the following statements is not true about the American culture?
a. The US has traditionally encouraged, celebrated, and rewarded individual efforts.
b. Universalism has generally been a traditional element of American culture.
c. The socioeconomic class that one is born into the US is generally fixed for life.
d. American culture is very performance-oriented.
c. The socioeconomic class that one is born into the US is generally fixed for life.
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The personal needs of the retailer during the early, unprofitable stage of business are paid through _____
a. a bank credit plan b. life insurance loans c. personal savings d. a personal drawing account
What is the present value of the following perpetuities?
a. $200 per year discounted at 6% annually b. $500 per year discounted at 9% annually c. $1,000 per year discounted at 5% annually d. $550 per year discounted at 8% annually What will be an ideal response?