In a recognizance, a party acknowledges in court that he or she will pay a specified sum of money if a certain event occurs

Micromerchandising is compatible with rationalized retailing

Indicate whether the statement is true or false

A major advantage of ownership versus leasing is _____

a. no difficulty in lease renewals b. lower capital requirements c. the long-term commitment to a given location d. the ability to purchase locations in major shopping centers