What are the four reasons why companies need to obtain financing?
What will be an ideal response?
Answer: Companies need to obtain financing to manage everyday business activities, extend credit to their customers, keep enough product available, and make major investments.
Explanation: Companies, large and small, need funds for managing everyday business activities, extending credit to their customers, keeping enough product available, and making major investments.
Business
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Many of the rules under the Uniform Commercial Code (U.C.C.) are written in a way that favors the creation or formation and enforceability of contracts
a. True b. False
Business
The duties in a personal service contract can always be delegated
Indicate whether the statement is true or false
Business