An illusory promise is valid consideration.
Answer the following statement true (T) or false (F)
False
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What is activity-based management? How is it different from activity-based costing?
What will be an ideal response?
The sharing ratio is the negotiated fee in a contract assuming the target cost is met
Indicate whether the statement is true or false
Which of the following statements is true of the use of advertising and sales promotion in international markets?
A. Sales promotion as a localized strategy is applicable only for small firms that cannot create economies of scale. B. Advertising is subject to varying regulations in foreign markets, unlike sales promotion. C. Advertising and sales promotion can be done either locally or globally with equal effectiveness. D. Sales promotion is most effective when done on a global basis. E. Advertising can often be done on a global basis, while sales promotion must be adapted to local markets.
When the sample mean differs from the population mean simply be chance, the error that results is known as:
a. sampling error. b. response error. c. nonresponse error. d. bias. e. nonsystematic error.