An offer need not take any particular form to have legal validity. To be effective, however, it must:

A) be spoken directly to the offeree.
B) always contain the price of the product or service offered.
C) always contain the place of delivery.
D) be communicated to the offeree.


D

Business

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Training ensures that all interviewers administer the questionnaire in the same manner so that the data can be collected uniformly

Indicate whether the statement is true or false

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Liam is considering putting money in an investment plan that will pay him $52,000 in 12 years. If Liam's opportunity cost rate is 7 percent compounded annually, what is the maximum amount he should be willing to pay for the investment today?

A. $23,089 B. $25,526 C. $26,888 D. $28,685 E. $30,534

Business

What are the major advantages of the North American Industry Classification System (NAICS)?

What will be an ideal response?

Business

Billington Corp borrows $80,000 cash from Second National Bank. How does this transaction affect the accounting equation for Billington?

A. Assets would increase $80,000 and equity would decrease $80,000. B. Assets would decrease $80,000 and equity would increase $80,000. C. Liabilities would decrease $80,000 and equity would increase $80,000. D. Assets would decrease $80,000 and liabilities would decrease $80,000. E. Assets would increase $80,000 and liabilities would increase $80,000.

Business