The open price term requires a contract to mention a specific price
Indicate whether the statement is true or false
FALSE
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The business entity concept means that
A) the owner is part of the business entity B) an entity is organized according to state or federal statutes C) an entity is organized according to the rules set by the FASB D) the entity is an individual economic unit for which data are recorded, analyzed, and reported
Markup percentage equals total costs divided by desired profit.
Answer the following statement true (T) or false (F)
Which of the following strategies does Tesla need to implement or achieve to gain a competitive advantage?
A. reinvest profits to build successively better electric automobiles B. imitate the features of the most popular SUVs on the market C. sell advertising space on their cars' digital displays D. substitute less-expensive components to keep costs low
For tort liability to be imposed, the perpetrator of the tort must have acted with the intent to do wrong
Indicate whether the statement is true or false