A voidable contract
a. is enforceable against all parties unless a party has a right to back out of it.
b. lacks one of the essential elements of a contract.
c. is required to be in writing.
d. is limited to simple transactions.
A
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Assume 4 separate purchases of 100 units of the same item in order at the following prices: 100 @ $0.25 each; 100 @ $0.23 each; 100 @ $0.21 each and 100 @ $0.26 each. An ending inventory count showed 230 of the items still in stock. Under the FIFO method, cost of ending inventory is:
a. $53.90 b. $54.30 c. $59.30 d. $53.40 e. $55.00
Which of the following best describes a collector?
a. A person who posts comments, ratings, and reviews of products and services on blogs and forums b. A person who produces content for blogs, Web sites, articles, and videos c. A person who uses RSS feeds to gather information and vote for Web sites online d. A person who posts status updates on social networking sites and microblogging services
When an individual goes out and buys a product after having seen or read an advertisement for it, feedback is occurring.
Answer the following statement true (T) or false (F)
Traditionally, Marshall's Candles have used direct sellers to distribute its products. However, it recently made the decision to allow customers to purchase candles directly from its website as well. This decision is likely to create ____________ with its independent distributors.
A. channel relationships B. channel leadership C. channel disintegration D. channel conflict E. channel cooperation