John owns a small department store that issues its own credit cards. He has been considering
phasing out his own credit card and accepting Visa® or MasterCard® .
If John chooses to do this
he will be going from a position of risk ________ to one of risk ________.
A) reduction; transfer B) avoidance; reduction
C) assumption; avoidance D) assumption; transfer
D
Business
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Indicate whether the statement is true or false
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A wholesaler buys plastic lamps for $18 each and sells them for $30.60. What is the percent markup based on cost?
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