AgriEquip Service & Supply, Inc., sends Merilyn an e-mail in which AgriEquip offers to employ her for certain hours and a specific amount of money over a limited period of time. She responds with a counteroffer that reduces the hours and increases the money. AgriEquip e-mails an acceptance. Merilyn performs, but AgriEquip refuses to pay. She files a suit against AgriEquip for breach of contract. The court is most likely to rule that the e-mail
A. showed only an agreement to agree.
B. was an agreement to the essential terms of an employment contract.
C. constituted an unenforceable, non-existent contract.
D. contained a contract but is unenforceable because it is electronic.
Answer: B
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Which of the following is a market-oriented mission statement?
A) "We empower customers to achieve their dreams." B) "We sell jumbo burgers." C) "We are an online library." D) "We are a low-cost airline." E) "We make porcelain figurines."
A $150 petty cash fund has cash of $64 and valid receipts for $75. The entry to replenish the fund would be:
A) Cash 86 Various Expenses 75Cash Short or Over 11 B) Petty Cash 86 Cash 86 C) Cash 64 Petty Cash 64 D) Various Expenses 75 Cash Short or Over 11Cash 86
A key concept underlying cost driver analysis is that
a. all cost drivers identified should be used for cost accumulation. b. the cost of measuring a driver does not exceed the benefits of using it. c. only costs occurring at the unit-level should be assigned to products or services. d. organizational/facility costs are non-value-added and should never be assigned to products or services.
Which marketing strategy is being employed by a firm that is seeking to expand in foreign markets?
A. market development B. market penetration C. positioning D. product development E. diversification