Which of the following statements is true of contracts?
A) The offeror is the party to whom an offer to enter into a contract is made.
B) An offeree is the authority that supervises the signing of a contract.
C) A contract is created when the offer is made and before it is accepted.
D) To have an enforceable contract, there must be mutual assent by the parties.
D
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In making product mix decisions under constraining factors, which of the following is the key to choosing the product type to be maximized?
A) revenue per unit B) contribution margin per unit of product C) contribution margin per unit of the constraint D) gross profit per unit using traditional costing
Abraham Maslow developed a theory indicating that each of us use either the "central route" or the "peripheral route" to information processing
Indicate whether the statement is true or false
When the risk of loss for goods passes from a seller to a buyer is generally determined by the contract between the parties
Indicate whether the statement is true or false
Products are tangible, meaning ________.
A. you can't actually touch them B. you can sell them C. you can touch them D. you can see them