A legally binding contract that can be terminated at the option of one of the parties is called:
a. an executed contract
b. a formal contract with an escape clause c. a voidable contract
d. a void contract
e. a parol evidence contract
c
You might also like to view...
Describe conformist and alienated followers. Why is each considered ineffective follower behavior?
What will be an ideal response?
A product-focused layout would be mostly closely identified with?
a. Flow shops b. Cellular manufacturing c. Job shops d. Assembly lines
Toby, owner of a cupcake shop in New York, had been considering opening a similar business (i.e., a cupcake shop) in Phoenix. After spending $6,800 investigating such possibilities in Phoenix, Toby decided against opening the store on July 1. What is the maximum amount of deduction for the current year attributable to these expenditures?
A. $6,800 B. $0 C. $5,600 D. $5,000
Which of the following identifies an advantage of the line structure?
A. Line managers are able to do their own work rather than having to delegate to the subordinates. B. Decision-making is expeditious. C. Line managers have assistants to whom they can delegate certain tasks. D. Staff specialists provide expertise in areas in which line managers may be deficient.