A flexible budget is derived by dividing actual unit costs by the standard unit costs

Indicate whether the statement is true or false


False

Business

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If the collateral from one loan is used to secure the obligations on another loan, this is called __________, or sometimes called a "__________" clause

a. perfection, default b. cross-collateralization, dragnet c. floating lien, dragnet d. attached loan, dragnet

Business

Omar asserts that a deal he entered into with Patty to sponsor and host a motivational conference for independent sales representatives is an unenforce-able contract. Defenses to the enforcement of a contract include A) a desire not to perform

B) insufficient capital. C) preliminary indications of unsatisfactory results. D) the lack of a party's voluntary consent.

Business

An donee beneficiary is best described as a person:? A) whom parties intended to benefit

B) who is a third-party beneficiary and for whom performance is a gift. C) to whom the promisee owes an obligation or duty. D) who unintentionally benefits from performance of contract.

Business

"The plaintext is 64 bits in length and the key is 56 bits in length; longer plaintext amounts are processed in 64-bit blocks" is a description of the DES algorithm

Indicate whether the statement is true or false.

Business