Discuss the various exceptions to the parol evidence rule
What will be an ideal response?
The various exceptions to the parol evidence rule include oral agreements:
a. used to prove a subsequent modification of a written agreement;
b. to clear up ambiguity in the written agreement;
c. to prove fraud, mistake, illegality, duress, undue influence, or lack of capacity; and
d. concerning collateral matters not germane to the written agreement.
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(Appendix) Payments to employees and to the government are examples of cash outflows resulting from operating activities
a. True b. False Indicate whether the statement is true or false
Explain common reasons for the failure of new products. What methods can a company adopt to improve its odds of new product success?
What will be an ideal response?
Which of the following is not a definition of the minimum required rate of return?
a. the discount rate b. the accounting rate of return c. the hurdle rate d. the cost of capital e. All of these are definitions.
Which of the following would be a disadvantage of hiring a contractor?
a. you would not be able to have the contractor arrive at a certain time or perform the job in a certain way b. the contractor would not be required to perform the job to the same level as an employee c. the contractor could be terminated if he or she did not fulfill their contracts d. the contractor generally would have less of a personal commitment to doing the job