How much should you pay for a share of stock that offers a constant growth rate of 10 percent, requires a 16 percent rate of return, and is expected to sell for $50 one year from now?

The "closed shop," in which an employer may hire for a job only workers who are already in the union, is legal in the United States.

a. True b. False

A major manufacturer of bread sells its finished products to a grocery store chain. This grocery store then sells the bread to its customers. What type of channel is this, and what are the levels of distribution?

What will be an ideal response?