In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was enforceable as all major terms were clear
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following would be most helpful when working with people from other cultures?
A) Communicating based on your own cultural norms so as not to confuse others B) Recognizing your own cultural biases C) Assuming others are as culturally aware as you D) Stereotyping to increase basic understanding of the culture E) Explaining the advantages of your way of thought
Which of the following is an advantage of exclusive dealing between a seller and a dealer?
A) The seller gains more shelf power compared to competitors' products. B) The seller can avoid using any intermediary and sell the product directly to customers. C) Customers get more loyal and dependable outlets. D) The seller's distinctive position is reinforced through customer service and the dealer obtains steady support from the seller. E) The dealer can freely choose what products to sell without any interference from the seller.
A company is preparing completing their Cash Budget. The following data has been prepared for Cash Receipts and payments. January February March Cash Receipts $1,061,200 $1,182,400 $1,091,700 Cash Payments $984,500 $1,210,000 $1,075,000 The company's cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000. What is the amount of excess cash or deficiency of
cash (after considering the minimum cash balance required) for March? A) $214,200 excess B) $15,800 excess C) $60,000 deficiency D) $25,300 excess
Under absorption costing, the product unit cost consists of direct labor, direct materials, variable overhead, and ________.
Fill in the blank(s) with the appropriate word(s).