A contract in which the values exchanged are not equal because chance is involved is called a(n)
A) contract of adhesion.
B) unilateral contract.
C) conditional contract.
D) aleatory contract.
Answer: D
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Research indicates that organizations can reap many benefits from employee participation and involvement. Which of the following is not one of the typical programs used in today’s organizations?
a. group decision making b. teams c. social audits d. profit sharing
The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
Traffic counts and demographic analysis of drawing area are associated with:
A) the center-of-gravity method. B) manufacturing location decisions. C) service location decisions. D) the transportation model. E) locational cost-volume analysis.
A high inventory turnover ratio is good because it indicates that:
A. a firm can continue its daily operationswith a smallamount of inventory on hand. B. it is easier for a firm to pay its short-term debts. C. a firm's customers are paying for their purchases more quickly. D. a firm produces a larger return to shareholders than investment by the stockholders.