What is the key difference between an agreement and a contract?
A) A contract is always enforceable in the court of law, while an acceptance may or may not be.
B) A contract can only be between two individuals, while an acceptance can have two or more people involved.
C) A contract requires mutual assent from all parties, while an acceptance needs only to be accepted by a majority of people involved.
D) A contract need not be legally binding, while an agreement must be legally binding.
A
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Feminine cultures in Hofstede's dimensions care about relationships and are not focused on business success. For them, it is quality of life that matters.
Answer the following statement true (T) or false (F)
Which of the following statements correctly describes tactics used in negotiation?
a. Telling jokes to relieve tension is considered appropriate. b. Distracting tactics can be beneficial to the negotiation process. c. All cultures consider negotiation to be retaliatory. d. Using role reversal to put yourself in the other's position is recommended.
An involuntary petition under the straight bankruptcy provisions can be filed against:
A) No one; all straight bankruptcy petitions must be voluntary. B) Only corporations that are not paying their bills as they come due. C) Only ranchers, farmers, and nonprofit organizations that are not paying their bills as they come due. D) Anyone who is not paying his or her bills as they come due. E) Anyone who is not paying his or her bills as they come due, except ranchers, farmers, and nonprofit organizations.
Which of the following is true of dividends?
A) Dividends are a distribution of cash, stock, or other property to stockholders. B) Dividends increase assets and decrease total stockholders' equity of a corporation. C) Dividend payments decrease paid-in capital. D) Dividend payments increase stockholders' equity.