The basic distinction between a bilateral contract and a unilateral contract is that
a. only one promise is involved in a bilateral contract.
b. only one promise is involved in a unilateral contract.
c. the Statute of Frauds applies to one and not the other.
d. one is enforceable, the other is not.
b
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A responsibility accounting system provides information to top management about the
a. organizational responsibilities of each subunit manager. b. performance of each organizational subunit and its manager. c. ability of each subunit manager to ensure a satisfactory cost to revenue relationship. d. all of the above.
An advantage of flexible benefit plans is that if employees make poor selections and do not use their benefits, it saves the employer money.
Answer the following statement true (T) or false (F)
The following balance sheet information is provided for Apex Company for Year 2:Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's working capital?
A. $24,500 B. $22,900 C. $20,300 D. $4,900
A car company sent three automobile magazines some technical information and explanations about the features of its innovative new model. One of the magazines later printed a story about the car. This is an example of
A. advertising. B. sales promotion. C. personal selling. D. publicity. E. None of these answers is correct.