The purpose of a(n) ________ acquisition is to reduce the number of competitors in a mature
industry in which capacity exceeds decreasing demand.
A) vertical B) geographic roll-up
C) market-expansion D) overcapacity
D
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Which of the following may be a reason the court will add an implied term to a contract?
A) The parol evidence rule B) The original term was unclear and this would add clarity to the contract C) It was a term usually used in the industry so it needed to be added D) The term was so obvious the two sides would have easily agreed to it when the contact was made E) Once a contract is formed no new terms can be added
You are presented with two cash flow options: Option Near, a $5,000 annuity for three years, with the first cash flow one year from today, or Option Far, a $5,000 annuity for six years with the first cash flow ten years from today
Assuming an interest rate of 7.0%, which set of cash flows has a greater present value? A) Option Near has a greater PV of $13,121.58 vs. Option Far PV of $12,963.41. B) Option Far has a greater PV of $13,121.58 vs. Option Near PV of $12,963.41. C) Option Far has a greater PV of $30,000 vs. Option Near PV of $15,000. D) Option Near and Option Far have the same PV of $12,963.41.