Jana and Annie enter into a written agreement whereby Jana promises to sell and Annie
promises to buy a certain parcel of land for $5,000. There is adequate consideration, the contract
is legal and both parties have contractual capacity.
The contract is fully performed by both
parties on January 1. Which of the following best describes this contract as of January 2?
A) Unilateral, implied, executory, valid B) Bilateral, express, executed, valid
C) Unilateral, express, executed, valid D) Unilateral, express, executory, valid
B
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If a credit memo appears on a bank reconciliation, this could be an indication that:
a. there has been a decrease the company's bank account b. there has been a bank service charge c. there has been a deposit of a customer's NSF check d. there has been a note receivable for the company that was collected by the bank.
Kate has determined that along the share-development path, her business should perform at a 85% level of product awareness, 75% in product preference, 60% in intentions to purchase, 90% in product availability, and 70% in rate of purchase
Kate's share development index is 50. What is the market share index for Kate's business? A) 12% B) 6% C) 18% D) 22% E) 28%
A corporate chain
A. is formed by independent retailers that work together. B. rarely apply advertising and promotion costs across stores. C. is sponsored by a wholesaler. D. involves franchisees that pay commissions and fees to the parent company. E. is formed when a firm owns and manages more than one store.
The 2010 guidelines regarding horizontal mergers:
A) use a single methodology for merger analysis. B) are intended to identify harmful mergers while avoiding unnecessary interference with mergers that will not be likely to affect competition. C) explain that market definition is a necessary starting point of merger analysis. D) reject use of the Herfindahl-Hirschman Index in quantifying market concentration.