Lucy agrees to work for Mung Manufacturing, Ltd., as a Chinese/ English/ French translator. In determining whether a contract has been formed, an element of prime importance is

a. the parties' intent.

b. Mung's base of operations.

c. the duration of the work.

d. Lucy's language capabilities.


a

Business

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The success of a new product or service will deter competitors from entering the market

Indicate whether the statement is true or false

Business

Jason sells stock with an adjusted basis of $66,000 to JJ Inc., his 60% owned corporation, for its fair market value of $60,000. JJ Inc. sells the stock three years later for $67,000. JJ Inc.'s recognized gain or loss on the sale will be

A) $0. B) ($3,000). C) $1,000. D) $4,000.

Business

A corporation reports the following year-end balance sheet data. The company';s current ratio equals:


A) 0.58
B) 1.27
C) 2.07
D) 0.37
E) 0.63

Business

To move successfully into the future, you should commit to

A) thinking positively. B) lifelong learning. C) assessing risks. D) occasional change. E) total dominance.

Business