The open price term requires a contract to mention a specific price

Indicate whether the statement is true or false


FALSE

Business

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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

Business

Markup percentage equals total costs divided by desired profit.

Answer the following statement true (T) or false (F)

Business

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

Business

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

Business