A written offer from a merchant to buy or sell goods will be irrevocable only if accompanied by consideration
Indicate whether the statement is true or false
False
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Corporate earnings that are not distributed to the stockholders are retained by the corporation to help finance the growth of the business
a. True b. False Indicate whether the statement is true or false
Which of the following will decrease working capital?
a. collection of accounts receivable b. purchase of a new computer with cash c. payment of salaries payable d. purchase of merchandise on credit
Which of the following should NOT be considered by you for using video conferencing technology when making a sales presentation?
A. To come across a natural person, avoid any practice B. Place yourself in the viewer's shoes. C. Make sure everyone has the software or access to the software application for the video conference. D. Have a contingency plan. E. Understand how people will interact with you
Mark, a college student, agreed to sell his horse to Henry for $1,000 . The contract required Mark to take the horse on that same day to Idlewild Stables where Henry was going to board the horse. Henry paid Mark the money, patted the horse and said, "I'm glad you're mine, you beauty," and drove off. Mark then led the horse into the trailer and set off for the two-hour drive to Idlewild. Has there
been a sale? a. No, not until delivery to Idlewild. b. No, not until Henry sees the horse again. c. Yes, since Henry already paid for it. d. Yes, since the contract was made earlier in the day.