The remedy of reformation
A. applies only when money damages are inadequate.
B. can be used to correct mistakes in the original contract.
C. is available only if fraud is involved.
D. is a commonly used remedy.
Answer: B
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Creating multiple variations of information goods and selling these to different market segments at different prices is called:
A. bundling. B. customization. C. dynamic pricing. D. versioning.
One danger of relying too heavily on a technical presentation is:
A) bringing along heavy equipment B) missing the opportunity to create a relationship with the customer C) impressing the customer with your technical savvy D) failing to convey product knowledge E) using unnecessarily expensive devices
“One-line consolidation” refers to:
a. the equity method. b. the fair value method. c. the purchase method. d. pooling of interests.
Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Activity CostPeriod 122 $121Period 228 $132Period 321 $117Period 429 $134Using the least-squares regression method, what is the cost formula for this cost?
A. Y = $75.50 + $2.02X B. Y = $ 0.00 + $5.04X C. Y = $72.64 + $2.13X D. Y = $75.89 + $1.02X