Answer:
An implied agreement is based on a formal agreement.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implied contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
An implied contract can be defined as an informal contract that exists based on an assumption or understanding between two or more parties, rather than on terms that are formally and specifically defined.
This ultimately implies that, an implied agreement is not based on a formal agreement but on assumptions or understanding between the parties involved.
Answer:
a) 100 units
b) 2.5 order per year
c) 50 units
Explanation:
Given data:
demand 250 units
order cost is $20
holding cost $1
a) Economic order quantity 
b) number of order for each year 
order/ year
c) average inventory 
Materials are any single item utilized when conducting scientific experiments. Apparatus is a collective group of items combined to perform experimental projects that do not have consumption. An example of a material would be water. Examples of apparatus would be thermometers or other instruments.
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Answer:
D. supply is said to be inelastic.
Explanation:
When the change in the quantity supplied of any good is less sensitive due to change in the price, then the supply is known as the inelastic and If the quantity supplied responds only slightly to changes in price, then supply is said to be inelastic.
A downgrade attack might occurs in root cause appears to be that SoC was tampered with or replaced.
A downgrade attack, also known as a bidding-down attack or version rollback attack, is a type of cryptographic attack that forces a computer system or communications protocol to switch from a modern, high-quality mode of operation to an older, lower-quality mode that is typically provided for backward compatibility with older systems. An illustration of such a problem was discovered in OpenSSL, which let the attacker to convince the client and server to use a less secure version of TLS. One of the most prevalent downgrade assaults is this one. Due to their inherent fallback to unencrypted communication, opportunistic encryption technologies like STARTTLS are typically vulnerable to downgrade attacks.
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