Elena, a minor, obtains fruits and vegetables on credit from Fred at Growers’ Market. Later, Elena disaffirms the purchase. She owes Fred
a. ?the goods.
b. ?the reasonable value of the goods.
c. ?the retail value of the goods.
d. ?nothing.
Answer: b. ?the reasonable value of the goods.
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Sarbanes-Oxley requires that the audit committee be composed of
a. At least 50% of key officers who are on the board of directors b. A majority of all of the members of the board of directors c. The outside members of the board of directors and the external auditor d. Entirely outside members of the board of directors
While on a student study abroad trip to Kenya, Lauren visits a rural village and has lunch with the children. She asks if they use soap when they wash their hands before meals. It becomes clear that soap is not available in their village. Lauren comments that they must feel dirty. What concept relevant to cross-cultural communication does Lauren exemplify?
A. euphemism B. narcissism C. ethnocentrism D. egomaniacally
Suboptimization occurs when a manager of a cost center focuses on the goals of the cost center rather than on the goals of the organization as a whole
Indicate whether the statement is true or false
An executory contract is defined as: A) a contract that may be set aside or avoided by one of the parties
B) a contract where the terms of the agreement are specified in words. C) a contract that is required to be created in a special form or manner of creation. D)a contract in which the terms have not been fully carried out by all parties.