Which of the following is the best example of a cultural value?
A) Marriage is important.
B) Americans should display their patriotism on the Fourth of July.
C) People who are not close friends or family should be addressed formally.
D) Extended warranties are never worth the money consumers pay for them.
E) Professionals should wear business clothes to work.
A
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Which of the following is true about secondary data?
A) It is always current and, unlike primary data, it does not have to be updated. B) Unlike primary data, it can be obtained by using direct surveys and questionnaires by the company. C) It cannot provide extra information a company is looking for. D) It can be obtained more quickly and at a lower cost than primary data. E) It requires more effort compared to gathering primary data.
New York Investments (NYI), an investment banking firm, has proposed two types of payment plans for the IPO being considered by Albany Exploration
The first is a firm commitment of $40,000,000. The second is a best efforts arrangement in which NYI will receive $2.00 for every share sold up to a maximum of $3,600,000 for the 1,800,000 shares being offered. How much money will NYI earn under the firm commitment method if it is able to sell only 95% of the offering at a price of $25.00 per share? A) $800,000 B) $1,080,000 C) $2,200,000 D) $2,750,000