In a unilateral contract, a promise is exchanged for an act or forbearance to act
Indicate whether the statement is true or false
True
You might also like to view...
If the M1 multiplier is 3 and the Fed engages in open-market sales in the amount of $3 billion, then M1 will
A. increase by $1 billion. B. decline by $1 billion. C. decline by $9 billion. D. increase by $9 billion.
In reconciling a bank statement, the bank balance is $2,100, and the checkbook balance is $2,001. Which of the following is the most probable reason for the bank balance being larger than the book balance?
A) There are outstanding checks. B) The bank has deducted certain amounts for bank service charges. C) A deposit in transit was made at the end of the month. D) The company erroneously recorded a check for an amount less than the actual amount.
Which of the following is not a subordinate benefit of high LMX?
A. increased performance-related feedback B. preferential treatment C. social interaction outside of the work setting D. ample access to supervisors
Horshack Mining Company purchases a gravel pit for $5,000,000. It estimates that 10,000,000 tons of gravel can be extracted over the pit's useful life. If 2,000,000 tons are extracted during the first year but only 1,440,000 tons are sold, what amount should be recorded for Gravel Inventory and Depletion Expense, respectively?
A) $280,000 and 720,000 B) $720,000 and $280,000 C) $720,000 and 720,000 D) $280,000 and $1,000,000