Which of the following is true of a contract made by a minor?
A. If a minor's contract involves title to real estate, the minor can disaffirm before reaching majority.
B. A minor is given the right to disaffirm his or her contract.
C. Adults who contract with minors are bound to the agreement unless the adult chooses to disaffirm.
D. A minor's capacity to contract is never presumed.
Answer: B
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Which of the following quantifies how an investment in marketing impacts the firm's success, financially and otherwise?
A) return on marketing investment B) a Gantt chart C) a SWOT analysis D) portfolio analysis E) a PERT chart
Sales promotions are targeted toward all of the following EXCEPT ________
A) retailers B) investors C) consumers D) business customers E) members of the sales force
Which of the following is not true regarding Accounting Series Release No. 4?
a. It stated that financial statements filed with the SEC and prepared in accordance with accounting principles for which there is no substantial authoritative support would be presumed to be misleading. b. It implied that the SEC might in the future determine acceptable accounting practices and mandate methods to be used in reports filed with it. c. It established an authoritative body for the development of accounting standards. d. It indicated that the SEC was growing impatient with the accounting profession.
______ refers to seeing things solely from one’s own perspective.
A. Polycentrism B. Ethnocentrism C. Geocentrism D. Parochialism