The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period

Indicate whether this statement is true or false.

Answer: TRUE

Business

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Which of the following statements is true of a niche strategy?

a. A niche strategy is most suitable for firms that have achieved economies of scale. b. A niche strategy requires business firms to reduce after-purchase service options. c. A niche strategy involves removing extra frills from products. d. A niche strategy is ideal for small companies with limited resources.

Business

The David Chen case is famous as it resulted in a change in the law relating to

A) employer's liability for workers actions B) a citizen's arrest within a reasonable amount of time after a crime was committed C) a store's liability for false imprisonment when it mistakenly held the wrong person D) a reporter's right to make critical comments E) an employer's right to search employees it thinks have stolen goods

Business