Which of the following is true regarding acceptance?
a. In the absence of a provision in an offer regarding how acceptance is to be made, acceptance is effective upon dispatch into a mailbox.
b. Acceptance is never effective until it is received.
c. An offeror may not by law specify that an offer can be accepted only by facsimile to a stated fax number and that the acceptance is not effective until actually received.
d. An offeror may revoke an offer so long as the revocation is made before an acceptance is received.
a
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In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold
Indicate whether the statement is true or false
Which of the following is NOT a major marketing communication tool?
A) sales promotion B) strategic positioning C) direct marketing D) public relations E) advertising
The legal environment affecting labor relations includes all of the following except:
A. common law. B. bankruptcy codes. C. deregulation. D. monetary policy.
We can write the true relationship between the nominal interest rate and the real rate and expected inflation as:
A) (1 + r) = (1 + r) × (1 + h*) B) r = (1 + r*) × (1 + h) - 1 C) r* = (1 + r) × (1 + h) -1 D) r = (1 + r*) × (1 + h) + 1