Kim promises to pay Leo $500 to install a sump pump in Kim’s warehouse. Leo completes the installation. The act of installing the pump
A. imposes a moral obligation on Kim to pay Leo.
B. imposes no obligation on Kim unless she is satisfied with the job.
C. is not sufficient consideration because it is not goods or money.
D. is the consideration that creates Kim’s obligation to pay Leo.
Answer: D
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According to Theodore Levitt, "segment simultaneity" refers to a trend wherein ________
A) the same segments are likely to show up in multiple national markets across the globe B) hundreds of different segments are likely to show up within a single national market C) the segments in two different national markets are never likely to have any similarities D) no two segments within a single national market show similarities in more than a certain number of attributes
Capitalizing an expenditure rather than recording it as a revenue expenditure
a. affects the total book value of plant assets reported on the balance sheet and the amount of net income reported during a period. b. affects the total book value of plant assets on the balance sheet, but has no effect on the amount of net income reported during an accounting period. c. affects the amount of net income reported during an accounting period, but has no effect on the total book value of plant assets on the balance sheet. d. has no effect on the book value of plant assets on the balance sheet or the amount of income reported on the income statement.
Parties feel better about a settlement when negotiations involve a(n)
A. fait accompli. B. immediate settlement. C. progression of concessions. D. single round of concessions.
Given the multiple regression equation, ? = a + b1X1 + b2X2, and the bivariate equation ? = a + bX, why is the partial regression coefficient, b1, different from the regression coefficient, b, obtained by regressing Y on only X1?
What will be an ideal response?