S calls B and says, "I will sell my 1966 Mustang convertible to you for $3,000." B knows that the car is worth $4,000 . B replies, "Would that include the trunk-mounted spare tire?" S hangs up without a word. B calls back in three days and says, "I'll buy the car for $3,000." Is there a contract? Discuss fully
The issue is whether B made a counteroffer which would constitute a rejection of the original offer and leave S free to hang up, or whether B merely inquired as to the terms of the offer which would not be a rejection. It appears that B merely inquired as to terms. The offer would be open for a reasonable time. Students may differ on whether three days is a reasonable time for the offer to remain open under these circumstances.
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Suppose an economy is producing an output above its full-employment level. To return the economy to long-run equilibrium, a(n) ____ monetary policy can be used, which would cause the price level to ____.
A. expansionary; increase B. expansionary; decline C. contractionary; decline D. contractionary; increase
______ is a symbolic code of communication consisting of a set of sounds with understood meanings and a set of rules for constructing messages.
A. Syntax B. Lingua franca C. Language D. Foreigner speak
Which of these services facilitates the function of the value chain but is not considered a core element of the supply chain?
A) Marketing B) Information Technology C) Distribution D) Service
Sun-Hi, who operates a Pan-Asian restaurant in her apartment, is charged with criminal violations of the local health and building codes, state license regulations, and federal environmental statutes. The standard of proof to find a defendant who has been charged with a crime guilty is A) a preponderance of the evidence
B) a unanimous verdict. C) beyond a reasonable doubt. D) clear and convincing evidence.