Assume that Montana Mining, Inc. borrows $5,000,000 for 120 days. The total interest paid is
$150,000. What is the APY, or Effective Annual Rate of interest that Billings pays?
A) 9.00% B) 9.27% C) 9.77% D) 3.00%
B
Business
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Which of the following is NOT considered a probability sampling method?
A) simple random B) systematic C) cluster D) stratified E) convenience
Business
If a firm is considering entering a country where incumbents exist, and if the competitive advantage of the firm is based on the transfer of organizationally embedded competencies, skills, routines, and culture, what would be the preferable mode of entry?
A. Greenfield venture B. Joint venture C. Licensing agreement D. Franchising deal E. Turnkey project
Business