To accept an offer for a unilateral contract, where a promise is exchanged for an act, the offeree need not necessarily perform the act requested by the offeror.
Answer the following statement true (T) or false (F)
False
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Redo is a market follower in the wristwatch industry. After noticing a shortfall in the market leader's product, Redo improves its product to suit consumer needs and becomes a challenger for the market leader. This is an example of ________
A) counterfeiter B) cloner C) imitator D) adapter E) innovator
Any initial direct costs incurred by the lessor for a sales-type lease should be
A) expensed in the same period that the lease receivable is recognized. B) recorded as a prepaid asset and allocated to expense over the lease term. C) deferred and recognized as a reduction in the interest rate implicit in the lease. D) directly charged (debited) to Retained Earnings.
Select the incorrect statement concerning opportunity costs.
A. Opportunity costs are relevant costs. B. Opportunity costs are future-oriented. C. Opportunity costs are not recorded in the books. D. Opportunity costs are cumulative.
Devon is in the market for a new car. She is seriously considering either a Honda Civic or Toyota Corolla because they both have excellent quality and safety ratings and are comparable in price
Devon is in the ________ stage of the buyer decision process. A) evaluation of alternatives B) need recognition C) information search D) purchase decision E) postpurchase behavior