An illusory promise can be defined as a ________
A) contract providing that only one of the parties need perform, only if he or she chooses to do so
B) contract not supported by consideration since the promise is supported by an illegal act
C) promise that lacks consideration since the person promises to perform an act or do something she already has an obligation to do
D) contract based on love and affection
A
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Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010 . Payment occurs on January 20. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% The entry to record the payroll would include a
a. debit to Salaries Payable for the net amount. b. credit to State Unemployment Tax Payable. c. debit to Salaries Expense for the amount paid to the employees. d. debit to Salaries Expense for the gross payroll.
Disintermediation is one method to address potential problems related to the ________ characteristic of services
A) intangibility B) responsiveness C) perishability D) personalization E) inseparability
The account for each supplier of merchandise will appear in the accounts payable subsidiary ledger
Indicate whether the statement is true or false
There are three unique corporate cultures relevant to global workforce diversity. The first is international corporations, the second is multinational corporation’s. What is the third corporate culture?
a. Global b. National c. Transnational d. Pan national