GR*Tech Company agrees to sell computer equipment to Home Office Stores, Inc., to market to its customers. Normally, their contract would not be enforceable unless it includes

A. the duration of the deal.
B. the price of the goods.
C. the quantity of the goods.
D. the shipping arrangements.


Answer: C

Business

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Which of the following is usually NOT a reason why warehouses are used as intermediate storage facilities?

a. An imbalance always exists between the quantity of goods produced and the demand for these goods. b. Warehouses enable companies to regulate the rate of flow of goods between production and consumption points. c. Warehouses enable businesses to take advantage of volume discounts in procurement of raw materials. d. Warehouses comply with regulations governing maintenance of minimum inventories.

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Mixed punctuation means there is no punctuation after the salutation and none after the complimentary close

Indicate whether the statement is true or false.

Business

The stock of Cooper Corporation is 70% owned by Carole and 30% owned by Carole's brother, Chris. During 2017, Chris transferred property (basis of $100,000 and FMV of $120,000) as a contribution to the capital of Cooper. During February 2018, Cooper adopted a plan of liquidation and subsequently made a pro rata distribution of the property back to Carole and Chris. At the time of the liquidation, the property had an FMV of $80,000. What amount of loss can be recognized by Cooper on the distribution of property?

A. $20,000 B. $12,000 C. $0 D. $6,000

Business

Under what kind of sampling procedure must the researcher adhere closely to precise selection procedures to ensure that the results are projectable to the population under study?

a. nonprobability b. non-random c. probability d. quota e. none of these

Business