A contract can be created only when a promise is given in exchange for another promise.

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


False

Business

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Strategic power used in the coalition-formation process

A. derives from what parties consider a fair or just distribution of the outcomes and results of a coalition. B. emerges from the availability of alternative coalition partners. C. is dependent on which party's arguments ultimately shape the allocation rule used by the group. D. is shaped by the compatibility of preferences between two or more parties.

Business

A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time

Indicate whether the statement is true or false

Business

Describe each of the following as either a product or period cost. a. factory depreciation f. direct materials b. indirect labor g. indirect materials c. administrative salaries h. advertising d. direct labor i. factory insurance e. utilities used in the factory j. utilities used in the administrative offices

Business

Buying stock with some of the money borrowed from a broker is known as ____________________ trading.

Fill in the blank(s) with the appropriate word(s).

Business