Andrew agreed to exchange something clearly without value to enter a contract with Milt. The contract will not fail for lack of consideration because, if the parties agree to the exchange, the courts will not be concerned about whether the consideration is "adequate."
a. True
b. False
Indicate whether the statement is true or false
False
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When auditors examine and test the call-back feature, they are testing which audit objective?
a. incompatible functions have been segregated b. application programs are protected from unauthorized access c. physical security measures are adequate to protect the organization from natural disaster d. illegal access to the system is prevented and detected
A retailer that increases its product line assortment width by adding new products unrelated to its original business and to each other is practicing _____
a. scrambled merchandising b. the wheel of retailing c. rationalized retailing d. life cycle retailing
How does the power of servanthood relate to concepts from French and Raven’s five bases of social power?
What will be an ideal response?
Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in annual fixed costs. Of the fixed costs, $90,000 cannot be avoided. The annual financial advantage (disadvantage) for the company of eliminating this department would be:
A. ($80,000) B. $80,000 C. $10,000 D. ($10,000)