A minor may disaffirm a contract
a. at any time up until a reasonable time after reaching majority.
b. only after reaching majority.
c. but must do so before reaching majority.
d. if it is for necessaries.
A
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If two or more products share a common process before they are separated, the joint costs should be allocated in a manner that:
a. Assigns a proportionate amount of the total cost to each product equitably. b. Maximizes total earnings. c. Minimizes variations in a unit of production cost. d. Does not introduce an element of estimation into the process of accumulating costs for each product.
A good service desk manager understands that people, processes, and technology are all available resources; information is not considered a resource as it is derived from data.
Answer the following statement true (T) or false (F)
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a
A. partnership. B. close corporation. C. limited liability company. D. professional corporation.
You are purchasing a new car and are making a down payment of $6,500. To be assured of payment, the dealership would request that you provide a
A) personal check. B) money order. C) cashier's check. D) traveler's check.