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
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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
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.
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
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.