An agreement of a seller to supply a buyer with all of the buyer's requirements for certain goods is known as:

A) an output contract.
B) a requirements contract.
C) a firm offer.
D) promissory estoppel.


B

Business

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If Division Inc expects to sell 200,000 units in 2010, desires ending inventory of 24,000 units, and has 22,000 units on hand as of the beginning of the year, the budgeted volume of production for 2010 is 202,000 units

Indicate whether the statement is true or false

Business

Level I ADRs trade primarily:

A) on the New York Stock Exchange. B) on the American Stock Exchange. C) over the counter or pink sheets. D) Level I ADRs typically do not trade at all, but instead are privately issued and held until maturity.

Business

File migration moves files from cloud storage to local secondary storage devices as they become older and more out-of-date

a. True b. False Indicate whether the statement is true or false

Business

When the allowance method is used, the entry to record the write-off of specific uncollectible accounts would decrease:

A. Accounts Receivable, Net. B. the Allowance for Doubtful Accounts account. C. Net Income. D. Bad Debt Expense.

Business