In terms of the basic types of retail locations, the traditional downtown business area found in most towns and cities is referred to as a ________
A) saturated trade area
B) understored trade area
C) lifestyle center
D) shopping center
E) central business district
E
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Which of the following is not true about special journals?
a. A company does not have to use special journals; b. A sale of a company's used machinery on account should be recorded in the general journal; c. Only purchases made on account are recorded in the purchases journal; d. All transactions that involve liabilities should be made in the general journal; e. When a customer pays off the amount due, the company records that amount in the cash receipts journal.
Fraud in inducement occurs when the party does not know the terms of the contract
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Learning more about the powerful effect that culture has on behavior will help you reduce friction and misunderstanding in your dealings with people from other cultures
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When an offeree is not aware of the insanity of the offeror and communicates assent to an offer, it is considered as accepted
Indicate whether the statement is true or false