Which of the following is not generally required in order to have a valid contract?
A) Mutual assent
B) A lawful purpose
C) Fairness of the bargain
D) Parties who have contractual capacity
C
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What is the difference between a full warranty and a limited warranty?
What will be an ideal response?
The classification of student class designation (freshman, sophomore, junior, senior) is an example of a(n)
A. nominal random variable. B. interval random variable. C. ordinal random variable. D. a parameter.
In logical database design, we use a process called ________, which is a way to build a data model that has the properties of simplicity, non-redundancy, and minimal maintenance
A) Data modeling B) Database designing C) De-normalization D) Normalization
On April 5, Fair Coffee, Inc. purchased merchandise with a list price of $1,000 and credit terms 2/10, n/30. On April 6, Fair Coffee returns $200 of the merchandise. Assuming Fair Coffee uses a perpetual inventory system, the journal entry on April 6, to record the return, would be: DEBIT CREDITA)Accounts Payable 200 Cash 200 B)Accounts Payable 200 Purchase Returns and Allowances 200 C)Purchase Returns and Allowances 200 Accounts Payable 200 D)Accounts Payable 200 Merchandise Inventory 200
A. Option A. B. Option B. C. Option C. D. Option D.