If either the offeror or offeree dies or becomes mentally incompetent before the offer is accepted, the offer is automatically terminated
Indicate whether the statement is true or false
True
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Zack Co reported a net loss of $50,000 for 2016, yet its cash balance increased during the year. Which financial statement should Zack's management refer to for an explanation of this situation?
a. Balance sheet b. Income statement c. Statement of Retained Earnings d. Statement of Cash Flows
When making a difficult decision, Matthew considers whether his response is true and fair. He also asks himself if the response will build goodwill and be beneficial to all concerned. It appears Matthew is using the _________ ethical approach.
A. Golden Rule B. four-way test C. stakeholders’ approach D. discernment and advice
Company characteristics, such as geographic location, type of company, company size, and product use, can be important segmentation variables.
Answer the following statement true (T) or false (F)
A firm should make an investment if the present value of the cash inflows is
A. less than zero. B. greater than zero. C. less than the cost of the investment. D. greater than the cost of the investment.