_________________ - true hybrid of a partnership and a corporation.
Fill in the blank(s) with the appropriate word(s).
Ans: Joint Stock Company
Business
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Which of the following statements is true regarding repurchase agreements?
A) treasury bills serve as their collateral B) their maturity is greater than one year C) they make explicit, rather than implicit, interest payments D) they are an unsecured form of borrowing
Business
Which of the following best describes a competitor with an ability to develop new products?
A) a serious long-term threat in a market B) an aggressive competitor C) a cooperative competitor D) a possible short-term threat in a market
Business