Must a contract always be in writing to be enforceable? 3. Which of the following is a contract? (Highlight the correct response and explain the correct answer.) i. Buying groceries at a grocery store ii. Signing a Lease iii. A handshake to mow someone's lawn for money iv. Eating at a restaurant v. Walmart purchasing $5000 worth of lightbulbs from General Electric a. ii only b. ii, iii, and v only C. ii and v only d. and iv only e. All are contracts f. None are contracts
Answers
The correct answers are ii (Signing a Lease) and v (Walmart purchasing $5000 worth of lightbulbs from General Electric). These options involve specific agreements that can be enforceable as contracts due to their legal elements and mutual intent.
A contract is a legally binding agreement between two or more parties that establishes their rights and obligations. While written contracts are often preferred as they provide clear evidence of the parties' intentions, not all contracts need to be in writing to be enforceable. In some cases, contracts can be formed orally or through implied actions.
Option ii (Signing a Lease) is a contract because signing a lease agreement involves a mutual agreement between a landlord and a tenant, outlining the terms and conditions of renting a property. This type of contract is often in writing to ensure clarity and avoid disputes, but it can also be enforceable if agreed upon orally or impliedly.
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Related Questions
When Blu-Ray disc players were new, they could cost around $1,000 and there were a limited number of discs available that would play on them. Stef and Garth waited, concerned with limited availability of discs and wishing for more choices in the market. By the time they purchased a Blu-Ray disc player, sales had leveled off and prices had declined significantly. Stef and Garth were part of the ________ diffusion of innovation group.
Answers
In being concerned about the Blu-Ray players and only adopting them late, Stef and Garth can be classified as part of the Late Majority diffusion of innovation group.
The Diffusion of Innovation Theory posits that there are different stages to adopting new technology such as:
Innovators - these are the first to get a product. They show little skepticism and are willing to try new things. Early Adopters - these are the second to get a product and are typically young and adventurous Early Majority - these are the third to get a product and do so when the product is in fashion Late Majority - these ones get the product when it is out of fashion and is cheaper because they were quite skeptical about it.Stef and Garth are therefore part of the late majority because they only got the disc players after they were out of fashion because they had initial skepticism.
In conclusion, Stef and Garth are part of the late majority.
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Mary (42) and roland (43) are married with no dependents. they will file separate returns for 2021. roland files his return first and claims total itemized deductions of $23,500. if mary chooses to claim the standard deduction rather than itemizing when she files her return, what is the maximum amount she may claim? $0 $1,600 $12,550 $25,100
Answers
Mary is only permitted to recover up to zero dollars. Check out the explanation below.
What justification do you have for this choice?Due to the requirement that if a married couple files separate returns and one of them makes advantage of itemized deductions, the other must also do so. The ordinary deduction cannot be used by him or her.
Mary can claim a standard deduction of a maximum of $0 as a result.
Describe Standard Deduction.
The amount of income taxed is reduced by the standard deduction, which is a fixed dollar amount. Your standard deduction is equal to the sum of the basic standard deduction and any additional standard deductions for old age or blindness.
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An insurance that you pay if your down payment is less than 20 percent of the total cost of the house _____.
a. an ARM
b. an escrow account
c. PMI
d. a balloon loan
Answers
Answer:
Hello There!!
Explanation:
I think the answer is c.PMI because that is the only option which best fits into the sentence.
hope this helps,have a great day!!
~Pinky~
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C. PMI
ThanksHope it helpsPersonal finance skills have the most significant impact on an individual’s
Answers
Answer:
quality of life.
Explanation:
Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.
Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.
Thus the correct answer would be 'that the person will have a quality of life.'
Answer:
C: Quality of life
Explanation:
on edge2021! hope this helps!~ (*^▽^*)
the main responsibility of a central bank is: group of answer choices monetary but not fiscal policy fiscal but not monetary policy both monetary and fiscal policy neither monetary or fiscal policy
Answers
The main responsibility of a central bank is both monetary and fiscal policy.
central bankA central bank, reserve bank, or monetary authority is an entity that handles a country's or monetary union's currency and monetary policy, as well as its commercial banking system. A central bank, unlike a commercial bank, has a monopoly on growing the monetary base. Most central banks also have supervisory and regulatory authorities to maintain the stability of member institutions, prevent bank runs, and deter member banks from engaging in irresponsible or fraudulent activities.
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Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity
Answers
Answer:
i guess the answer is :- trend
Which of the following is NOT example of Capital used to produce goods?
Answers
Answer:
Some examples of capital used to produce goods are machinery, human workers, equipment, basically anything that is used by a factory in the production process. You didnt list any options so I can't tell you which one isn't, but I hope this helps!
Explanation:
the equilibrium quantity for this industry is _______ units.
Answers
The equilibrium quantity for this industry is 10 million units.
In a perfectly competitive market, the equilibrium quantity refers to the quantity of goods or services that is demanded and supplied at the point where the market reaches a balance.
At this equilibrium point, the quantity demanded by consumers matches the quantity supplied by producers. To determine the equilibrium quantity for a specific industry, various factors such as market demand, supply, and price need to be considered.
Suppose the market demand for smartphones is high due to increased consumer preferences and technological advancements.
As a result, consumers are willing to buy a larger quantity of smartphones at different price levels. On the other hand, smartphone manufacturers are capable of supplying a certain quantity of smartphones based on their production capabilities and cost structure.
As the price of smartphones decreases, the quantity demanded by consumers generally increases, while the quantity supplied by producers decreases due to lower profit margins.
Conversely, as the price of smartphones increases, the quantity demanded decreases, while the quantity supplied increases due to higher profit opportunities. The equilibrium quantity is the point where the quantity demanded by consumers equals the quantity supplied by producers.
In this case, let's say that at a certain price, consumers demand 10 million smartphones, and producers are willing to supply 10 million smartphones. At this price, the market reaches equilibrium, and the equilibrium quantity for this industry would be 10 million units.
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What economic concept does this graph BEST illustrate?
A) Scarcity
B) Productivity
C) Law of Demand
D) Law of Supply
Answers
Answer: Law of Demand
Explanation:
Law of Demand illustrate the best . According to the rule of demand, which is a cornerstone of economics, customers will demand fewer units of a good at a higher price.
What is law of demand ?One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and then they use each additional unit to fulfill progressively lower-valued goals.
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Analyse why the social benefit of education exceed the private benefit
Answers
Answer:
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Explanation:
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please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpA semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Answers
How would a past history of criminal charges potentially affect a company's
ability to recruit highly talented employees?
Answers
Answer:The potential employees would view the company with less confidence because of the company’s past history
Explanation:
Answer:
The potential employees would view the company with less confidence because of the company’s past history
Explanation:
How does tactical adoption of cloud services differ from a coordinated cloud strategy?
Answers
Tactical adoption is a quick-sighted technique, deploying cloud offerings incrementally, resulting in apps and offerings which might be patched collectively to create give-up-to-cease enterprise processes.
Cloud adoption is a method utilized by organizations to enhance the scalability of net-based database capabilities at the same time as lowering fee and dangers. To achieve this, organizations interact within the exercise of cloud computing or the use of faraway servers hosted at the net to save, control, and procedure essential records.
The primary benefit of cloud adoption is that it gives scalable organization IT with velocity. Speed may be understood as performance and is a pre-requisite for gaining competitive gain. The cloud offers the required speed for a corporation to release new products quickly and advantage competitiveness in markets without problems.
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How do you think business impact suppliers and investors in terms of capital and income?
Answers
Answer:
It is important to select suppliers carefully as suppliers can affect the businesses they provide goods to. If a supplier provides a poor quality product to a firm, it may affect the firm's reputation as the firm will need to use the goods or sell them onto their customers.
Explanation:
Suppliers are the most important link in the business chain. They can never be separated from the business itself as they act as the most important intermediary for owners and consumers.
On the other hand, investors get impacted the most as the share price of the companies are hugely impacted by the performance of the business and are appreciated when the business posts excellent results in its annual or quarterly period.
A business can impact suppliers in a way that if the manufacturers are not ready with the finished goods, the supply chain will automatically be stopped which will reduce sales by a good number.On the other hand, Investors are the owners of the business for the part of no. of shares being held by them. However the management of the business is in the hands of the managers and if they don't run the business well, the stock prices would decline resulting in dismay for the investors.Suppliers as well as investors are directly related to the performance of the company as efficient management by the business leads to betterment of them and vice versa.Hence, the owners as well as the investors are directly affected with the performance by the management of the business and are equally acquainted to the business.
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what would be a word or words to use in a listing presentation that denotes a benefit to the seller?
Answers
There are several words and phrases you can use in a listing presentation to convey benefits to the seller. Here are a few examples:
"Maximize": Emphasize that you will maximize the seller's profit or return on investment.
"Exposure": Highlight how your marketing strategies will increase the exposure of the property to potential buyers.
"Expertise": Emphasize your expertise in the market and how it will benefit the seller by ensuring a smooth and successful transaction.
"Efficiency": Describe how you will streamline the selling process, saving the seller time and effort.
"Negotiation": Highlight your strong negotiation skills to secure the best possible terms for the seller.
"Customized": Emphasize that your approach is tailored to the seller's specific needs and goals.
"Competitive advantage": Explain how your unique strategies and resources will give the seller a competitive advantage in the market.
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Which of the following is part of the approach of basic global business ethics? Uphold global norms and fundamental rights Respect other cultures and cultural values Adhere to one's own ethical principles and core values Ethical reflection All of the above
Answers
All of the above are part of the approach to basic global business ethics. This approach includes upholding global norms and fundamental rights, respecting other cultures and cultural values, adhering to one's own ethical values and core values, and engaging in ethical reflection.
All of the above are part of the approach of basic global business ethics. Upholding global norms and fundamental rights, respecting other cultures and cultural values, and adhering to one's ethical principles own and core values are all important aspects of conducting ethical business practices on a global scale. Ethical reflection is also a crucial component in ensuring that these principles are consistently applied and evaluated in the context of diverse cultural environments Approach includes upholding global norms and fundamental rights, respecting other cultures and cultural values, adhering to one's own ethical principles and core values, and engaging in ethical reflection
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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which entities act as sources of funding for early-stage financing of a startup?
Answers
There are several entities that act as sources of funding for early-stage financing of a startup, venture capitalists.
These include angel investors, venture capitalists, crowdfunding platforms, and government grants. Angel investors are typically high net worth individuals who invest their personal funds into promising startups. Venture capitalists are institutional investors who provide funding in exchange for equity in the company. Crowdfunding platforms allow startups to raise funds from a large pool of individual investors.
Finally, government grants are available for startups that meet certain criteria, such as having a focus on research and development.
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Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?
A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Answers
Answer:
D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Explanation:
Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.
Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)
People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;
Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.A career path is known to be a kind of forward roadmap with short or long-term bench marks.
It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach their ultimate goal.
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What are some of the advantages of incorporating?
A. Incorporation makes a business more likely to succeed.
B. All businesses are required by law to incorporate.
C. Business owners are protected from liability and lawsuits.
D. Incorporation is the least expensive business structure.
Answers
Some advantages of incorporating are that the business owners are protected from liability and lawsuits.
What is a liability?Any dues that are mandatory to be paid off are known as the liabilities of a business. In simple words, the debt that one owes to others is known as the liability.
Incorporation of a business firm is one of the best ways to protect the business owners from use of their personal assets as a way of repayment of the liabilities.
Incorporating also helps the owners to not be sued in their personal capacity, as any disputes of the business are sued in the name of the business.
Hence, option C holds true regarding a liability.
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What is the exterior envelope of a structure?
Answers
Answer:
The building envelope of a usually consists of its roof, sub floor, exterior doors, windows and exterior walls.
What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?
Answers
In recent years, almost all new job creation in the U.S. has occurred in the _____ sector. A. service B. manufacturing C. agricultural D. telecommunications
Answers
In recent years, almost all new job creation in the United States has occurred in the service sector. The correct option is A.
The service sector is the part of the economy that includes industries such as healthcare, education, retail, finance, and hospitality.
According to the Bureau of Labor Statistics, service-providing industries accounted for over 80% of U.S. employment in 2020, with healthcare and social assistance being the largest industry within the sector.
The growth of the service sector in the U.S. can be attributed to several factors, including the shift away from traditional manufacturing and agriculture industries, advancements in technology and automation, and changing consumer preferences.
Additionally, the aging population and the increasing demand for healthcare services have also contributed to the growth of the service sector.
While the service sector has been a major source of job creation in recent years, it is important to note that not all service jobs are equal in terms of pay and benefits. Therefore, the correct option is A.
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in blank analysis, management evaluates the firm's various products and businesses, then allocates resources according to potential profit outlook.
Answers
In portfolio analysis: Management evaluates the firm's a variety of products and agencies and management allocates its resources to merchandise with the best possible to be profitable.
A advertising strategy: Outlines what a company plans to do to appeal to conceivable customers.
Why portfolio evaluation approach is important?Portfolio evaluation gives the following advantages: It encourages management to consider each of the organization's organizations for my part and to set objectives and allocate sources for each. It stimulates the use of externally oriented information to complement management's intuitive judgment.
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https://brainly.com/question/2758250#SPJ4What kind of businesses would take your property and hold it for you, with the expectation of giving it back in the same or better condition?
Answers
Answer: Storage business
Explanation: Non-transitory, semi-permanent or long-term, containment, holding, leaving, or placement of goods or materials, usually with the intention of retrieving them at a later time. It does not include the interim accumulation of a limited amount during processing, maintenance, or repair.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
When a company receives an interest-bearing note receivable, it will.
Answers
When a company receives an interest-bearing note receivable, it will record the amount as an asset on its balance sheet.
The note receivable represents the amount owed to the company by the borrower and the interest rate specified in the note will determine the amount of interest income the company will earn over the life of the note. The company will record the interest income on its income statement as it is earned. If the note receivable has a maturity date longer than one year, it will be classified as a long-term asset on the balance sheet. Companies may use interest-bearing notes receivable as a way to generate additional revenue and to provide financing to borrowers who may not qualify for traditional loans.
When a company receives an interest-bearing note receivable, it records the transaction in its accounting system. The company will recognize the note receivable as an asset, since it represents an amount owed to the company by the debtor. The interest-bearing aspect of the note means that the debtor will also pay interest on the principal balance over time. The company will record interest income as it accrues, based on the agreed interest rate and time period specified in the note. In summary, upon receiving an interest-bearing note receivable, a company will record the note as an asset and recognize interest income over time.
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Which two factors should most influence design choices when working on a project for a client? (Choose two)
(A. Design Trends
B. Client Goals
C. Season Design Trends
D. Target Audience
E. Designer's Personal Style)
Answers
Answer:
B. Client Goals
D. Target Audience
Explanation:
Why might a person assume the Mr. White could be doing well financially
Answers
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Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."
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