Under common law, a contract is formed when the notice of acceptance has been sent by the mode required by the other party under the mailbox rule
Indicate whether the statement is true or false
True
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A purchase of supplies on account is recorded in the
A) Revenue journal B) General journal C) Purchases journal D) Cash Payments journal
The theory of constraints:
A) is a management tool used to determine whether or not a company should accept a special order. B) helps in identifying the bottlenecks in a production process. C) helps in estimating the fixed overhead costs in a production process. D) is a management tool used for deciding whether a product should be sold "as is" or processed further.
When a homeowner visited The Home Depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials totaling almost $70. One his way to checkout, an employee asked him what was he trying to fix. After some discussion, the employee convinced the homeowner that a $5.99 replacement part would fix the problem better than the materials he thought he needed and with less trouble. This sort of discussion between employees and customers is commonplace at The Home Depot and indicates the retail store has a(n) _____ orientation.
A. sales B. market C. product D. exchange E. production
The Family and Medical Leave Act: A) applies to companies with 20 or more employees
B) requires applicable companies to provide 12 weeks of unpaid leave for family medical reasons. C) allows an employee to take time off to care for a spouse, child, parent or parent-in-law. D) All of the above are true for the FMLA.