Renita,a Merchant,has Received a Signed,written Confirmation from Merchants,Inc

question 11

Multiple Choice

Renita,a merchant,has received a signed,written confirmation from Merchants,Inc.referring to goods she had not ordered.Renita should

• A)ignore the confirmation.
• B)call the seller and object to the confirmation as soon as she gets back from her two-week vacation.
• C)object to the confirmation in writing within 10 days.
• D)return the goods within two weeks of their delivery with a note attached saying she will not pay for the goods.

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Definitions:

Risk-Free Asset

A financial instrument that is considered to have no risk of financial loss, typically government bonds.

Standard Deviation

A statistic that measures the dispersion or variability of a set of data values around the mean (average) of those values.

Expected Profit

The forecasted amount of profit that a business or investment is projected to earn over a specific period.

Japanese Yen

The official currency of Japan, often represented by the symbol ¥.