In which of the following cases would an oral contract be enforceable without a written memorandum?
a. Ron orders three custom-made suits.
b. Michelle calls an employment agency in Paris to arrange for maid service for her three-month Parisian vacation.
c. Anna orders a top-of-the-line computer over the phone.
d. Catherine calls Lucky Dude Ranch to purchase the championship race horse they have advertised in the paper.
b
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In most governmental systems there are coalitions of liberals, conservatives, and moderates who are engaged in ongoing debates across a range of issues and involving a large cast of actors and operatives. This best describes
A. a potential coalition. B. a latent coalition. C. a recurring coalition. D. an established coalition.
China, Russia, Portugal, the U.S., and ___________ are nations that have recently privatized government-owned assets.
Fill in the blank(s) with the appropriate word(s).
The following are defenses to the granting of workers compensation:
a) contributory negligence b) intentional injury c) assumption of risk d) all e) NOTA
Which of the following statements is CORRECT?
A. An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to decline. B. The NPV method automatically deals correctly with externalities, even if the externalities are not specifically identified, but the IRR method does not. This is another reason to favor the NPV. C. Both the NPV and IRR methods deal correctly with externalities, even if the externalities are not specifically identified. However, the payback method does not. D. Identifying an externality can never lead to an increase in the calculated NPV. E. An externality is a situation where a project would have an adverse effect on some other part of the firm's overall operations. If the project would have a favorable effect on other operations, then this is not an externality.