If an offeree dispatches both an acceptance and a rejection to an offer, ________.
A. both the acceptance and the rejection are not effective and another response must be issued
B. whichever response reaches the offeror first will determine whether a contract is created
C. the acceptance is effective as soon as it is dispatched and a contract is created
D. the rejection is effective as soon as it is dispatched and no contract can be created
Answer: B
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The Baker Company purchased $1,000 of supplies on account. How would this event be reflected in T-accounts?
A. On the left side of the Supplies T-account B. On the right side of the Supplies T-account C. On the left side of the Accounts Payable T-account D. On the right side of the Cash T-account
Pharmaceutical firms have introduced new over-the-counter antacids that block the production of stomach acids while still marketing traditional antacids. Traditional antacids treat heartburn by neutralizing stomach acid. If sales of the new acid blockers reduce sales of the traditional antacids, then _____ has occurred.
A. demarketing B. cannibalization C. undifferentiation D. repositioning E. perceptual confusion
Hui pays self-employment tax on her sole proprietorship income, supplemental Medicare surtaxes on excess wages and self-employment income (the .09% tax), and supplemental Medicare taxes on investment income (the 3.8% tax). Which of the following statements is correct regarding the deductibility of these taxes?
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Which of the following is NOT one of the four major online marketing domains?
A) B2C (business-to-consumer) B) B2R (business-to-retailer) C) B2B (business-to-business) D) C2C (consumer-to-consumer) E) C2B (consumer-to-business)