A negotiable instrument is a stock, a bond, or any other instrument of interest that represents an investment in a common enterprise with reasonable expectations of profits that are derived solely from the efforts of those other than the investor

Production quality is affected by

a. worker productivity. b. the amount of failure costs incurred. c. worker skill level. d. just-in-time suppliers.

Which of the following theories suggests that firms seek to penetrate new markets over time?

a. theory of comparative advantage b. imperfect markets theory c. product cycle theory d. none of the above