Elizabeth signs a contract to purchase a new car from Quickcash Motors. She has not yet paid for the car, and Quickcash Motors has not yet delivered the car to Elizabeth. This is an example of a(n) ________ contract.

A. unenforceable
B. executory
C. void
D. executed


Answer: B

Business

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Agatha's Inc is about to introduce a new product in the market, but is not sure as to how it should price the product. The company is facing intense competition from 5 other companies

In the past, it has also failed to keep up with the changing consumer wants. In such a situation, what should be its main objective?

Business

Which of the following accounts probably would be listed after the others in a chart of accounts?

a. Unearned Art Fees b. Prepaid Rent c. Retained Earnings d. Art Fees Earned

Business

Self-managed teams use leadership based on:

a. cooperation b. consideration c. shared responsibility d. facilitation

Business

The survey approach is generally a non-threatening way to open a sales call

Indicate whether the statement is true or false

Business