Firms a and b can conduct research and development (r& d) or not conduct it. r& d is costly but can increase the quality of the product and increase sales. the payoff matrix is the economic profits of the two firms and is given above, where the numbers are millions of dollars. a's best strategy is to not conduct r& d regardless of what b does.
a) conduct r& d only if b conducts r& d.
b) conduct r& d regardless of what b does.
c) conduct r& d only if b does not conduction r& d.

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement