The basic concept that both parties to a contract should have agreed to the same terms is referred
to as:
A) Co-agreement. B) Mutual assent.
C) Bilateral agreement. D) Common intent.
B
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Where does adaptive work occur and who is primarily responsible for it?
What will be an ideal response?
Which of the following statements is true regarding the recommendation of a product by customers?
A. Customers are never reluctant to recommend a product when they have had a great experience. B. When the content on a firm's social media site is easily shareable, satisfied customers recommend it more. C. Customers recommend when a company performs well, even when the performance is not consistent. D. The product offered by a firm need not be great but should make the customer believe it is great and long enough to recommend it. E. Customers doubt a firm's credibility when it tries to ask for recommendations from them.
Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: Escrows Completed Office ExpensesApril53 $7,427May94 $9,201June37 $6,769July87 $8,902August40 $6,875September38 $6,797October82 $8,681November35 $6,678December62 $7,836 Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction. Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to:
A. $88.22 B. $42.76 C. $131.00 D. $45.44
For each of the following, indicate whether the behavior represents the maximin criterion or the maximax criterion. Explain your reasoning. A) A truck driver is behind schedule and knows he is approaching an area where police radar is often encountered,
but he continues driving at 20 mph over the speed limit. Explain: B) A struggling retailer hires a public relations firm to carry out an intensive promotional campaign for her store. If the campaign is not extremely successful, the retailer will not be able to pay the PR firm and will be in danger of defaulting on next month's payroll. Explain: C) The owner of a medical clinic buys liability insurance. Explain: