Under the CISG, advertisements:
a. are not offers that can be accepted to form a contract b. are offers that can be accepted to form a contract
c. are illegal d. are binding
e. take the place of negotiations
a
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Consider the equation X = Sales - [(CM/Sales) ? (Sales)]. What is X?
a. net income b. fixed costs c. contribution margin d. variable costs
A FASB discussion memorandum suggested that cash flow data are a useful supplemental disclosure for all of the following reasons except:
a. they provide information about the quality of income. b. they aid in assessing flexibility and liquidity. c. they help to identify the relationship between accounting income and cash flows. d. they are a better predictor of future earnings than is accounting income.
Jones, a famous tycoon, hires Smith to go to an auction to bid on a castle. Jones does not wish to be present at the auction as he fears the other bidders will "bid up" the price if they see that he is bidding. In this case, Jones is a(n) ______
A) partially disclosed principal B) independent contractor C) undisclosed principal D) employee
The one year period for determining whether a contract is required to be in writing under the
Statute of Frauds is measured from the date that: A) Performance begins until it is actually completed. B) The contract is formed until its stated completion date. C) Performance begins until its stated completion date. D) The contract is formed until it is actually completed.