A ________ is one where both parties involved in a contract are under a mistaken belief about a material fact.
A. mutual mistake
B. state of duress
C. unilateral mistake
D. state of undue influence
Answer: A
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Labor productivity multiplied by the number of hours worked gives
A. the hourly wage rate. B. the average product of labor. C. total factor productivity. D. total output.
The common purpose of audit standards created by the various authorities is to provide reasonable assurance that audits are conducted in a quality manner
a. True b. False Indicate whether the statement is true or false
A disadvantage of newspaper advertising is that it has _____
a. low geographic selectivity and flexibility b. limited color capabilities c. low individual market coverage d. high lead time
Federal court diversity of citizenship jurisdiction can be established where the plaintiff and defendant are residents of different states and the amount in controversyexceeds $75,000
a. True b. False