Yvon asks Zack, "Do you want to buy one of my fishing rods?" This is

A. a valid offer.
B. not a valid offer because the terms are not definite.
C. not a valid offer because Yvon did not state an intent.
D. not a valid offer because Zack did not respond.


Answer: B

Business

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A) indirect approach B) discretionary approach C) direct approach D) introverted approach E) persuasive approach

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At the end of 2016, Clock Products, Inc determined that one of its patents was worthless. The patent had a cost of $300,000 . The patent had been amortized for 5 years of its estimated 15-year legal life. Which of the following statements is correct?

a. Clock Products must continue to amortize the patent over its remaining 10 years of life. b. The patent must be reduced to 5/15, or 33.3% of its original cost and amortized over the remaining 10 years. c. The remaining unamortized cost must be removed from the accounting records and treated as a loss on the income statement. d. Clock Products must correct its financial statements for the past five years, so that the entire cost is allocated to that five-year period.

Business

Suppose that Japan levies a 40 percent tariff on pickup trucks and a 20 percent tariff on engines. The effective rate of protection on pickup trucks

a. is higher with the tariff on engines. b. is lower with the tariff on engines. c. is the same with or without the tariff on engines. d. is equal to the tariff on engines.

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After the boss called out Roger’s work error in front of his colleagues, he took a couple deep breathes before responding. Roger knew on of his “hot buttons” of embarrassment had been pushed. What phase of Runde and Flanagan’s model was Roger practicing?

A. phase 1: cool down B. phase 2: slowing down C. phase 3: engaging constructively D. phase 4: finalize engagement

Business