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Westkost [7]
3 years ago
13

_____ refers to what each party gets in exchange for his or her promise under a contract.

Business
1 answer:
wlad13 [49]3 years ago
4 0
Consideration refers to what each party gets in exchange for his or her promise under a contract. A contract has four elements: agreement, consideration, contractual capacity, and legal object. Agreement refers to the contract itself, consideration to the results of the contract, contractual capacity represents your legal ability to sign the contract, and legal object is the purpose of the agreement.
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Joseph is a sales manager for ETC Corporation. ETC is a manufacturer of high-end kitchen appliances for restaurants. Nicole has
Lapatulllka [165]

Answer:

entrepreneur inside

Explanation:

Entrepreneur inside or internal entrepreneur -

It is a type of entrepreneur , who operate in an organisation for example a government body or business unit .

The person take the responsibility for converting an idea into a profitable outcome , with his / her skills and innovation .

Hence , from the question data , Nicole is an Entrepreneur inside or internal entrepreneur .

5 0
4 years ago
Assume you invested $100,000 into your lawn mowing business, but you could have invested in a similar operation with the same ri
Marta_Voda [28]

Answer:

you would get $20,000

Explanation:

100,000 x .2

3 0
4 years ago
Which of the following refers to the​ principal-agent problem in the market for health​ care?
larisa86 [58]

Answer:

a. Doctors pursuing their own interests rather than the interests of their patients

Explanation:

A principal is an individual or a group that entrusts a certain responsibilities to someone else (known as the agent) in an entity . The agent therefore has superior information than the principal and therefore the former makes decisions on behalf of the latter. A conflict of interest can occur when the agent pursues his own interests for personal gains and ignores the responsibility he was hired to do hence creating Principal-Agent problem. Among these choices, doctors pursuing their own interests rather than the interests of their patients will lead to principal agent problem.

7 0
3 years ago
On February 12, Goal Publishing, Inc., purchased the copyright to a book for $15,000 and agreed to pay royalties equal to 10% of
Ugo [173]

Answer:

option 2 $75,000

Explanation:

Data provided in the question:

Amount for which the copyright to a book purchased = $15,000

Agreed royalty = 10% of the book sales

Minimum royalty to be paid= $60,000

Total book sales = $750,000

Now,

The Amount of royalty according to the agreement

= 10% of Total book sales

= 10% of $750,000

= $75,000

Since,

The amount the greater than the minimum royalty

Hence,

the agreement amount will be paid

i.e

option 2 $75,000

3 0
3 years ago
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
SVEN [57.7K]

Answer:

lead generation.

Explanation:

Lead generation -

It refers to the process of generating the interest of consumers regarding any goods and services , is referred to as lead generation .

The method is useful in the field of marketing , as it increases the possibility of the consumers buying the product and hence , increases the sale , which in turn is profitable to the company .

The method of lead generation is the part of advertizing or publicizing the goods and services .

Hence , from the given scenario of the question ,

The correct answer is lead generation .

7 0
3 years ago
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