A business may be a (UPA) partnership if its purpose is non-profit
Indicate whether the statement is true or false
FALSE
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Why are managers more likely to achieve their objectives in both the short term and the long term when they utilize a tool such as the balanced scorecard?
A flexible budget:
A. parallels a static budget with respect to format and advantages of use. B. is both preferred over a static budget in the evaluation of performance and can be used to compare actual and budgeted costs at various levels of activity. C. can be used to compare actual and budgeted costs at various levels of activity. D. is preferred over a static budget in the evaluation of performance. E. gives management flexibility in terms of meeting budget goals.
An exclusive dealing contract is one type of contract which is illusory, because it lacks consideration
a. True b. False Indicate whether the statement is true or false
On May 1,Garage Prefabricators, Inc, agrees to sell four portable garages to Hiway Truck Service Center. Five days later, Hiway refuses delivery and cancels the contract. Garage Prefabricatorsis enti¬tled to
a. force Hiway to accept the garage. b. recover any damages from Hiway but not resell the garage. c. resell the garage and recover any damages from Hiway. d. resell the garage but not recover any damages from Hiway.