The basic elements of a contract:

a. vary from state to state
b. vary from business to business c. are understood by few
d. come from ancient Greek law
e. none of the other choices are correct


e

Business

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Which of the following statements is true?

A. Systematic risk is also referred to as idiosyncratic risk, while unsystematic risk is also referred to as implicit risk. B. Unsystematic risk is also referred to as implicit risk, while systematic risk is also referred to as idiosyncratic risk. C. Systematic risk can be reduced by diversification, while unsystematic risk cannot be reduced by diversification. D. Unsystematic risk can be reduced by diversification, while systematic risk cannot be reduced by diversification.

Business

Total annual inventory costs include all of the following except?

a. Carrying costs b. Order costs c. Marketing costs d. Stockout costs

Business

Which of the following methods of data gathering allows the consultant to collect data on actual behavior rather than reports of people’s behavior?

a. interviews b. focus groups c. surveys/questionnaires d. observations

Business

An income statement reports the firm's revenues and expenses for a specific period of time such as

one year. Indicate whether the statement is true or false

Business