Expected changes in foreign exchange rates should already be factored into anticipated operating results by management and investors

Indicate whether the statement is true or false.

Answer: TRUE

Business

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In AMJ Campbell v. Kord Products Inc., a comma was inserted into the contract with the effect that both "freight" and "rebates" would be deducted from the sale price, rather than simply "freight rebates." This resulted in a difference of price amounting to $759,000. What was the result?

A) The Court denied a request for rectification because a Court will not rectify a contract that is in writing. B) The Court denied a request for rectification because it was not clear both parties had the same intention. C) The Court denied a request for rectification because the appropriate remedy was rescission. D) The Court allowed the request for rectification because the price difference was significant. E) The Court allowed the request for rectification because one party had obviously made a mistake.

Business

_____ means that managers do not have enough information about the surroundings needed to understand or predict the future.

A. Competitive intelligence B. Environmental uncertainty C. Minimization D. Disinformation E. Observational inadequacy

Business