In an auction, a bidder is an offeree
Indicate whether the statement is true or false
F
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A clothing store has opened a credit account in which Judy, a college student, gets Alice, her older sister, to agree to pay the amount owed on the account if Judy fails to do so. Which of the following statements is true of this scenario?
A. Alice is the guarantor, and Alice's contract must be in writing to be enforceable. B. Alice is the guarantor, and she is primarily liable to make the payments. C. Judy is the obligor, and she is contractually liable to the guarantor. D. Judy is the obligor, and she is secondarily liable to the clothing store.
What is the most likely outcome when a company demotes the perpetrator but allows him or her to go unprosecuted?
a. The company will avoid bad publicity. b. The perpetrator may commit another fraud in the future. c. The perpetrator will be saved from pain and embarrassment. d. Management will send a signal that fraud will not be tolerated.
Which of the following is a reason why retailers tend to use magazines for image advertising?
A. Wider target audience B. High readership C. Extended shelf life D. Low cost of advertising E. High reproduction quality
The operating ratio for a railroad is a measure of:
a. cost control. b. liquidity. c. earnings to investors. d. borrowing ability. e. liquidity.