List and briefly describe the seven key characteristics that must be present for a contract to be enforceable.
What will be an ideal response?
Offer. All contracts begin when a person or a company proposes a deal. Acceptance. Once a party receives an offer, he or she must respond to it in a certain way.Consideration. There has to be bargaining that leads to an exchange between the parties.Legality. The contract must be for a lawful purpose.Capacity. The parties must be adults of sound mind.Consent. Certain kinds of trickery and force can prevent the formation of a contract.Writing. While verbal agreements are often contracts, some types of contracts must be in writing to be enforceable.
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On a statement of cash flows prepared using the direct method, if certain expenses do not require a current outlay of cash, those expenses must be subtracted from operating expense to arrive at cash payments for operating expenses
Indicate whether the statement is true or false
A work sampling study requires an acceptable error level of 10 percent and z = 2 for 95.45 percent confidence
The adequate sample size is ________ if the sample proportion is thought to be as large as 50 percent, but ________ if the sample proportion is thought to be about 20 percent. A) 50; 20 B) 100; 64 C) 100; 16 D) 20; 50 E) 200; 80
A data set is an organized collection of data.
Answer the following statement true (T) or false (F)
What factor will the ITA consider in order to determine whether a product is "like" the dumped product?
a. Whether the products have identical physical characteristics b. Whether they are of equal commercial value c. Whether they are used for the same purpose d. All of the above