A contract must be for a lawful purpose, which must be achieved in a lawful manner, otherwise the contract is:
A) voidable
B) void.
C) rescinded.
D) ratified.
B
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One of the drawbacks of the software on demand approach is that it _____.
A. increases implementation time significantly B. requires clients to hire experts to maintain the systems C. reduces the control clients have over their systems D. relies on storage hardware at the client location for installation
Sam contracted with Roadies Garage for customized pink seat covers on a new Porsche intended as a gift to his fiancé. Two days before the delivery was due, Sam broke off his engagement and told Roadies Garage that he was no longer interested in getting the seat covers. Which of the following is the most reasonable course of action that Roadies Garage can take?
A. It should sell the uncompleted covers for their scrap or salvage value. B. It should start a line of pink seat covers so that they have more to sell. C. It should complete manufacture anyway and hope that Sam changes his mind. D. It should coerce Sam into buying the covers.
Answer the following statements true (T) or false (F)
With financing-type leases, there is no sales revenue, only interest revenue earned from the debt financing.
Which of the following statements about prevention costs is true?
A) Prevention costs are generally incurred after problems occur. B) Design and engineering costs are not properly considered prevention costs. C) Generally, companies find that the incurrence of prevention costs reduces long-run product failure costs. D) None of these are true.