In the current age, global economy changes competitive strategies because it ________
A) enables unprecedented product differentiation
B) makes communication between a company and its customer one-sided
C) reduces the risk that a company has to bear
D) eliminates the need for localizing products
A
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Which of the following is a basic characteristic of insurance?
A) pooling of losses B) avoidance of risk C) payment of intentional losses D) certainty about specific losses that will occur
Paid-in capital in excess of par represents the amount of proceeds ________
A) in deficit of the par value from the original sale of common stock B) in excess of the par value from the original sale of common stock C) in excess of the par value from the current value of common stock D) in excess of the par value from the intrinsic value of common stock