In most contracts the consideration consists of promises to do something
a. True
b. False
a
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Automobile manufacturer ads comprise about 15 percent of all magazine advertising revenue. One reason auto manufacturers spend so much on advertising is that consumers do not purchase vehicles on a regular basis
When they do make decisions to purchase new cars, the auto companies want to make sure consumers remember the right brand. This illustrates the concept of: A) decay effects B) wear out effects C) carryover effects D) threshold effects
Isabelle's Furniture manufactures a small table and a large table
The small table sells for $700, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,600, has variable costs of $970, and takes eight direct labor hours to manufacture. The company has a maximum of 5,000 direct labor hours per month when operating at full capacity. If there are no constraints on sales of either product, and the company could choose any proportions of product mix that they wanted, what is the optimum product mix to maximize operating income of the company? A) 500 units of small and 625 units of large B) 0 units of small and 625 units of large C) 625 units of small and 500 units of large D) 500 units of small and 0 units of large
William Corp. bonds have a current yield of 7% and mature in 10 years. Smith Corp. bonds have a
current yield of 5% and mature in 10 years. Given this information, which of the following statements is MOST correct? A) Smith Corp. bonds are riskier than William Corp. bonds. B) William Corp. bonds will have a higher yield to maturity than Smith Corp. bonds. C) Smith Corp. bonds will sell for a lower price than William Corp. bonds. D) If both bonds have the same yield to maturity, then the price of Smith Corp. bonds must be less than the price of William Corp. bonds.
Which one of the following is false concerning the PAP?
A) A pedestrian struck by an automobile can collect under his Medical Payments coverage B) Defense, settlement, and supplementary payments are in excess of the stated limits of liability in the PAP C) Other than Collision coverage will pay for theft of the automobile D) Medical Payments coverage will not pay for the insured's injuries if the accident is the insured's fault