A __________ gives a person the right to negotiate the purchase of the property before the seller enters negotiations with another party
a. letter of agreement
b. letter of intent
c. right of first refusal
d. right of first negotiation
d
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Which of the following would be a question that we would try to answer with descriptive research?
A) Who are our customers? B) What brands do our customers buy? C) When do our customers shop? D) How did our customers find out about our products? E) all of the above
Lusk Corporation produces and sells 10,000 units of Product X each month. The selling price of Product X is $40 per unit, and variable expenses are $32 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $70,000 of the $120,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
A. ($40,000) B. $30,000 C. ($30,000) D. $40,000
A company had total sales of $600,000, net sales of $550,000, and an average accounts receivable of $90,000. Its accounts receivable turnover equals:
A. 1.1 B. 63.0 C. 6.3 D. 6.1 E. 54.8
The ________ is the federal agency that has authority over the labeling, packaging, branding, ingredient listing, and advertising of packaged foods and drug products, as well as cosmetics.
A. U.S. Commission for Food, Drugs, and Cosmetics B. Federal Food and Drugs Commission C. Federal Commission for Substance Abuse Control D. Food and Drug Administration E. Bureau of Alcohol, Tobacco, and Firearms