An injured party may seek reimbursement for foreseeable loss caused by her reliance on the contract

Indicate whether the statement is true or false


True

Business

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A machine with a cost of $80,000 has an estimated salvage value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used for 5,000 hours?

A) $5,000 B) $25,000 C) $15,000 D) $26,667

Business

All organizations, including service firms such as banks and hospitals, have a production function

Indicate whether the statement is true or false

Business

The reasonable person standard is:

a. external and objective. b. external and subjective. c. internal and objective. d. internal and subjective.

Business

At age 22, Valencia has decided to purchase a 5-year term insurance policy with face value of $165,000. Use the table in the book to calculate her semiannual premium

A) $366.30 B) $190.48 C) $192.27 D) $351.90

Business