At common law, in order for a communication between parties to be considered an offer, it must generally include:

a. a description of the goods.

b. the quantity.

c. the price.

d. All of the above


d

Business

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When a partner dies, the capital account balances of the remaining partners

a. will increase b. will decrease c. will remain the same d. may increase, decrease, or remain the same

Business

The members of the management faculty in the business school go out at the end of the semester to a local restaurant for dinner and socializing. They are both a formal and informal group.

Answer the following statement true (T) or false (F)

Business

Your brother, a banker, has just approved a loan for you, an add-on interest loan. You will borrow $2,000 for one year with a 12% annual interest rate. What is your monthly payment?

A) $166.67 B) $186.67 C) $240.00 D) $256.78 E) None of the above

Business

The mean is the number that is in the middle when numbers are arranged in ascending or descending order

Indicate whether the statement is true or false

Business