Herb promises to give his nephew, Curt, his old TV when the new one he ordered arrives. Explain whether this promise is enforceable, and include in your discussion the concept of "bargained-for exchange."
Herb's promise is unenforceable because Curt has given no consideration. The central idea behind consideration is that the parties have intentionally entered into a bargained-for exchange with each other. Each must give the other something in a mutually agreed-upon exchange for his promise or performance. Here, Herb received nothing in exchange for his promise of a present.
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A DSS's _____ is a database or data warehouse that provides the data for the intelligence phase of decision making.
Fill in the blank(s) with the appropriate word(s).
The first step in planning a meeting is to determine the specific purpose and assess whether face-to-face contact is even necessary
Indicate whether the statement is true or false
Because of the loss of significant amounts of revenue as a result of unauthorized digital downloads, file-sharing has created problems for
a. the motion picture industry. b. recording artists and their labels. c. the companies that distribute file-sharing software. d. all of the choices.
_____ is anagreement between two or more firms to jointly pursue a specific opportunity without actually merging their businesses.
A. Direct investment B. A common market C. Countertrade D. A strategic alliance