An offer terminates automatically when the period of time specified in the offer has passed.
Answer the following statement true (T) or false (F)
True
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After Julie's death, her children discovered that she had sold her house a week prior to her death to her niece, Yolanda, for $50,000. Julie lived the last ten years of her life in Yolanda's house, under her care. The market value of the house at the time of the sale was $500,000. Julie's children may attempt to have the sale set aside, arguing that it was the product of ________.
A. duress B. undue influence C. fraud D. mutual mistake
The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: University Store, Inc.Income StatementFor the Quarter Ended March 31Sales $800,000Cost of goods sold 560,000Gross margin 240,000Selling and administrative expenses Selling$100,000 Administrative 110,000 210,000Net operating income $30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed. The cost formula for selling and administrative expenses with "X" equal to the number of books sold is:
A. Y = $110,000 + $33X B. Y = $110,000 + $5X C. Y = $105,000 + $5X D. Y = $105,000 + $3X
______ angels are successful entrepreneurs who want active involvement in the companies they invest in
a. Entrepreneur b. Professional c. Enthusiast d. Micromanagement
Select the true statement.
A. Legislation regulating marketing in many foreign countries is being eased. B. A government's attitude toward cooperation with importers has little impact on marketing to that country. C. Refusing to give payoffs and bribes in some foreign countries may put a marketer at a competitive disadvantage. D. Bribes and payoffs are considered unethical in all countries and cultures. E. Bribes and payoffs are supported by U.S. trade policies under certain conditions.