Mike made the following offer to Mick: "I will pay you $500 if you agree to paint my house." Mick replied that he would. At this point, the contract is an
a. executed, bilateral, express contract.
b. executory, bilateral, implied-in-law contract.
c. executed, unilateral, express contract.
d. executory, bilateral, express contract.
d
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Hermoine is not easily fooled by labels that people use in various contexts. It can be said that Hermoine is which of the following?
A. intentionally oriented B. existential C. extensionally oriented D. connotatively oriented
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps banks to ________
A) reduce the rate of customer defection B) make low-profit customers more profitable C) enhance the growth potential for each customer through cross-selling D) increase the longevity of the customer relationship E) focus disproportionate effort on high-value customers
Analysts look for red flags in financial statements that may signal financial trouble. Which of the following is a red flag that suggests that a company may be in trouble?
A) a significant decrease in net income for several years in a row B) a consistent movement in sales, merchandise inventory, and accounts receivable C) a reduction in the debt ratio D) operating activities are a major source of cash flows
The Abilene paradox is an example of:
a. Unhealthy leadership b. Unhealthy competition c. Unhealthy agreement d. Healthy disagreement or conflict