Which of the following elements must be established to create an implied-in-fact contract?
A) A plaintiff provided a property or services gratuitously.
B) A plaintiff made a defendant sign a contract and then changed its terms, calling the new terms "previously implied."
C) A defendant was given an opportunity to reject a property or services provided by a plaintiff but failed to do so.
D) A defendant accepted a property or services offered by a plaintiff as a fee for an illegal activity.
C
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________ is the amount by which inventory diminishes due to theft, misplacement, loss, or mismarking
a. None of the answers listed b. Inventory loss c. Physical inventory d. Inventory shrinkage
The computed upper deviation rate is:
A. the sum of the sample deviation rate and an appropriate allowance for sampling risk. B. a point estimate of the population deviation rate. C. the maximum rate of deviations that the auditor is willing to accept before deciding not to rely on the control. D. the rate of deviations that the auditor expects to occur in the population.
Convertible bonds give the issuing corporation the option of redeeming the bonds before the maturity date
Indicate whether the statement is true or false
As firms introduce new products at a faster rate, what tends to happen to existing products in the product mix?
A. Production costs for existing products tend to go down. B. Product life cycles become much slower. C. The price of existing products tends to go up. D. Existing products enter the maturity and decline stages more slowly. E. Existing products enter the maturity and decline stages more quickly.