The purpose of a contract is to:
a. make it easy to do international business transactions b. encourage innovation
c. encourage investment
d. give parties confidence that bargained-for exchanges will be enforceable e. give parties confidence that they will make a profit
d
You might also like to view...
Lucille and Michael work together. Lucille goes into work earlier and sometimes works through lunch. She does not notice that Michael stays late many evenings producing about the same completed projects. If Lucille feels that Michael’s outcomes and inputs ratio is greater than her own ratio, Lucille will feel a ______.
A. perceived equity B. perceived inequality C. uncontrolled inequality D. perceived inequity
A company that tries to modify its brand image to keep up with changing times is using a ________ strategy
A) concentrated B) repositioning C) competitive advantage D) personality E) perceptual
When accounting for a cash flow hedge of an recognized asset or liability, which of the following is/are true?
a. A firm recognizes the hedged asset or liability on the balance sheet and its measurement depends on the required accounting for the particular asset or liability. b. A firm recognizes the derivative as an asset on the date of acquisition to the extent it makes an initial investment or as a liability to the extent it receives cash. Otherwise, no amount appears on the balance sheet for the derivative. c. At the end of each period, the firm remeasures the derivative instrument (the hedging instrument) to fair value and includes the resulting loss or gain in other comprehensive income. d. The firm reclassifies gains and losses from other comprehensive income to net income when the gain or loss on the hedged item affects net income. e. all of the above.
Some statutes permit the operating agreement of a limited liability company to deny members the right to withdraw from the company
a. True b. False Indicate whether the statement is true or false