Explain the difference between a unilateral contract and a bilateral contract
What will be an ideal response?
A unilateral contract is defined as an exchange of a promise for an act. For example, if City A promises to pay a reward of $5,000 to anyone who provides information leading to the arrest and conviction of the individual who robbed a local bank, the promise is accepted by the act of the person who provides the information. A bilateral contract involves the exchange of one promise for another promise. For example, Jones promises to pay Smith $5,000 for a piece of land in exchange for Smith's promise to deliver clear title and a deed at a later date.
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Lower-of-cost-or-market (for tax purposes) may be used with all of the following merchandise costing methods EXCEPT
a. the last-in, first-out method. b. the first-in, first-out method. c. the weighted-average method. d. the specific identification method.
Explain how the expropriation of property is a risk for companies engaged in international business
What will be an ideal response?
Dorn Petrochemicals is found responsible for a large oil spill that resulted in widespread environmental damage
A national debate followed, and a prominent social scientist argued that the oil company should be prosecuted to the full extent of the law and that all sanctions that apply to individuals and other business entities should also apply to Dorn. This social scientist is most likely a proponent of the ________ theory of social responsibility. A) institutional B) managerial C) regulation D) professional obligation
The use of plans, methods, and tools designed to modernize, consolidate, integrate, and coordinate computer applications is referred to as?
a. Computer modernization integration b. Enterprise application integration c. Systems integration d. Information integration