A contract formed by performance of actions requested by another party is:

a. a voidable contract
b. a contract with a promissory estoppel clause c. a pre-textual agreement
d. a parol evidence contract e. none of the other choices


e

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Rite Inc., a company headquartered in the United States, opens an overseas facility in China. In this scenario, the Chinese facility is located in a

A. guest country. B. host country. C. parent country. D. first country. E. third country.

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Critics point out that in the stationery industry, a pen that costs fifty cents to make costs the consumer $10 to buy. This is an example of ________

A) deceptive advertising B) redlining C) excessive markups D) high-pressure selling E) shoddy products

Business

Electronic banking enables cash transactions to occur using retail coding systems

Indicate whether the statement is true or false

Business

An auditor compares annual revenues and expenses with similar amounts from the prior year and investigates all changes exceeding 10%. This procedure most likely could indicate that:

A. Unrealized gains from increases in the value of available-for-sale securities were recorded in the income account for trading securities. B. Fourth quarter payroll taxes were properly accrued and recorded, but were not paid until early in the subsequent year. C. The annual provision for uncollectible accounts expense was inadequate because of worsening economic conditions. D. Notice of an increase in property tax rates was received by management, but was not recorded until early in the subsequent year.

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