You collect data on the length sales calls from four departments within an organization. For this scenario, what is k?
a. 2
b. 3
c. 4
d. Impossible to determine without more information
c. 4
You might also like to view...
Locking petty cash in a safe is an example of __________________________
Fill in the blank(s) with correct word
Firms extending credit to customers should
a. strive for zero uncollectible accounts to eliminate the need for establishing a bad debt expense and maintaining an allowance for uncollectible accounts. b. grant credit indiscriminately otherwise the firm may be charged with discrimination in the granting of credit and could be found to be in violation of Federal laws. c. grant credit to a given group of customers whenever the amount collected from the credit sales to that group exceeds the cost of goods sold and the other costs of serving that group. d. should ignore collection efforts aimed at those customers who have not paid their bills because the cost of staffing and maintaining a collection department are never cost effective. e. none of the above.
Kimberley, a merchant-seller in Kansas, had an oral contract to sell goods to Jane, a merchant-buyer in Memphis for $100,000. Two days after contracting, Kimberley sends a sufficient written confirmation to Jane of the agreed-upon transaction
Jane, who has reason to know the contents of the written confirmation, fails to object to the contents of the confirmation immediately. Two weeks after receiving the written confirmation, Jane receives a delivery of the goods from Kimberley. Jane immediately sends an objection to the confirmation to Kimberley. Which of the following is true of the contract between Kimberley and Jane? A) The Statute of Frauds can be raised against the contract because a letter of objection was sent to the offeror. B) The offer is valid as the offeree knew the contents of the confirmation and did not object within 10 days. C) The contract is void as the offeror did not receive a letter of confirmation from the offeree for delivery. D) The Statute of Frauds can be raised because the offeree did not sign the contract.
To create an enforceable contract, which of the following is(are) needed?
A) Agreement and consideration B) Agreement, consideration, and contractual capacity C) Agreement, consideration, contractual capacity, and a lawful objective D) Agreement