When Elroy built homes, he asked for a 20% down payment and another 30% at the halfway point with the balance paid at the end. Elroy was using what method of increasing cash flows?
a. Taking deposits
b. Taking progress payments
c. Taking on non-core business
d. Factoring receivables
Answer: b. Taking progress payments
Business
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________ is the tendency to gravitate toward, and bid for, auction listings with one or more existing bids
A) Group buying B) Winner's regret C) Herd behavior D) Bid rigging
Business
Under the common law as well as most statutes, __________ is larceny with the additional elements that (1) the property is taken from the victim or in the immediate presence of the victim, and (2) it is accomplished through either force or threat of force
a. burglary b. extortion c. bribery d. robbery
Business