A contract is said to have legal value if ________
A) both the promisor and the promisee receive a legal benefit
B) the promisor suffers a legal detriment
C) the promisee suffers a legal detriment
D) the promisee receives a legal benefit
C
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Answer the following statements true (T) or false (F)
1. Low quality and low cost, and high quality and high cost, bring about the same perceived value to the guest. 2. The guest experience usually has only one moment of truth. 3. Service is largely intangible. 4. Service quality is most reliably defined by managers, auditors, and rating organizations.
When does a merger between companies typically occur?
A. when two firms of comparable size join to form a combined entity B. when a target firm does not want to be acquired C. when large, incumbent firms buy start-up companies D. when two or more firms enter a temporary vertical strategic alliance
Two parties are debating whether or not to put their contract into writing. In making their determination, which of the following factors would normally NOT be considered?
A) whether or not the agreement falls within the Statute of Frauds B) the complexity of the agreement C) the length of time covered by the agreement D) the relationship between the two parties
The corporate veil can be pierced under the alter ego theory when: A) there were insufficient assets put into the corporation at its creation
B) the corporation was formed to avoid personal liability. C) personal and corporate assets or debts are mixed. D) too many meetings have occurred.