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Semmy [17]
2 years ago
14

Patrick and britt are in agreement that patrick will pay britt $2000 for a used vehicle. at what point is there a binding contra

ct
Business
1 answer:
katrin2010 [14]2 years ago
5 0
<span>There is a binding contract as soon and Patrick and Britt orally agree. There does no need to be a written contract as long as there is a meeting of the minds.</span>
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Which best describes the role of financial planning?
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Investing and saving
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Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct
barxatty [35]

Answer:

The correct answer is letter "A": Cooperative.

Explanation:

Cooperatives or co-ops are not real state ownerships but imply being in charge of a property under a lease agreement. Similar to condominiums, individuals can live in an apartment that belongs to an owner that in co-ops are companies. The tenant purchases stocks of the company becoming a stakeholder and in return, the company provides the tenant an apartment with a lease agreement for the possession of the property.

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Lindsey needs a car to get back and forth from her home in the city to her university, which are 4 miles apart. When shopping fo
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Answer:

Impulse Buying

Explanation:

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5 0
3 years ago
What is a disadvantage of the payback method?
HACTEHA [7]

The statement " It eliminates the inflows of cash earned following the payback period and time value of money" is the disadvantage of the payback method

The payback period is the period thats tells the time period in which the initial investment that was made should be recovered.

It is to be measured in years normally.

For finding the disadvantage, we need to find out the following information related payback period

  1. It is easy to calculate
  2. The cash flows earned after the payback period should not be used
  3. There is no requirement to determine the present value factor for measuring the payback period.
  4. Also, it does not use for distinct cheap projects from lower ones

So this is the reason this method ignored the times value of money

Therefore, we can conclude that, the correct option is b.

Learn more about the payback method here: brainly.com/question/16255939

5 0
3 years ago
The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo
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The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

  • This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
  • Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

  • This system teaches a manager how to assess employees objectively with the right management training.
  • When the management system needs to be improved or formalised, forced rankings are advantageous.
  • An essential component of business is analysing trends and developments.

To know more about example of forced ranking, here

brainly.com/question/6626507

#SPJ4

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