Why does an illusory contract lack consideration?
A. because the consideration promised is unlawful and therefore void
B. because the person promises to perform an act or do something he is already under an obligation to do
C. because one or both of the parties can choose not to perform their contractual obligations
D. because the compensation paid is for work done in the past
Answer: C
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The rule that is used to set a target for the federal funds rate in response to deviations of real output and inflation from their targets is
A. the Taylor rule. B. a nonactivist rule. C. a money-growth rule. D. Mc Cullum's rule.
The main problems caused by asymmetric information are
A. irrational expectations and moral hazard. B. imperfect credibility and adverse selection. C. adverse selection and irrational expectations. D. adverse selection and moral hazard.
The cash account is affected by all of the entity's business processes.
Answer the following statement true (T) or false (F)
The Internal rate of Return (IRR) in cell B9 will be ___________ the Required Return in B7.
a) less than
b) equal to
c) greater than
d) Could be any of the above
e) None of the above