Under the common law, an offer can be revoked:
a. anytime the offeror wants before the contract is sealed b. only if allowed by a district court
c. anytime the offeree wants d. anytime after acceptance
e. none of the other choices are correct
e
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Which of the following pricing strategies is used to gain as much market share as possible?
A) penetration pricing B) skimming C) prestige pricing D) competitive pricing
With a general line of credit, the bank:
A. does not charge a commitment fee. B. charges a commitment fee on the total amount. C. charges a commitment fee on the used balance. D. charges a commitment fee on the unused balance. E. charges the same total fees as it does with a revolving credit agreement.
The reliability of the gross profit method depends on a good estimate of the gross profit ratio.
Answer the following statement true (T) or false (F)
The use of which of the following valuation methods, utilized in valuing common stock, is superior since it considers expected earnings?
A) Liquidation value B) Book value C) P/E multiple D) Present value of the interest