American Coffee Company and Beans Brokers, Inc, enter into a contract for the sale of a certain quality and quantity of coffee beans, with Beans Brokers to determine the price. The price must be set according to
a. the concept of good faith.
b. the principle of fair trade.
c. the predominant-factor test.
d. the doctrine of unconscionability.
A
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Diffusion of responsibility can result in ______.
a. out-group non-participation b. groupthinking c. free-riding d. virtual teamwork
The budget in a proposal should A) reflect careful research because a proposal is a legal contract
B) provide only rough estimates so that you can raise the price later if costs increase. C) never itemize hours and costs, but offer only a total sum. D) include a disclaimer to ensure that the budget is not legally binding.
If your _________ shows a large lag between when sales are booked and revenue is collected you may want to restructure how you collect payments.
a. Cashflow b. P&L c. Balance Sheet d. Business Plan
Reasonable restraints of trade are lawful under the rule of reason
Indicate whether the statement is true or false