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netineya [11]
3 years ago
13

The term consideration used in regards to a contract means

Business
1 answer:
Rashid [163]3 years ago
8 0

Answer:

something of value must be given by party.

Explanation:

In the contract agreements, the term consideration means something of value offered by one part in exchange for other goods, services, or promises. In most cases, consideration is in monetary form, although money is not the only valuable item acceptable as consideration. Consideration is the benefit that one enjoys by fulfilling their obligation in a contract.

For contacts to be valid, there must be a consideration. Only lawful valuable can be considered as consideration.

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Stores that carry a broad product line, with limited depth, are referred to as
nordsb [41]

Answer:

b. general merchandise stores.

Explanation:

In terms of <u>product line breadth and depth</u>, stores differentiate themselves in product assortment.

A general merchandise store has a broad product line, aiming to offer diverse types of products. However, since it is not specialized in a particular product category, it has limited depth. These types of stores are common in rural communities, where they are the main shop of choice.

7 0
3 years ago
The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual inspection costs Annual cost of scr
Alborosie

Answer:

$707,000

Explanation:

Calculation for Sam's appraisal cost for quality last year

Using this formula

Appraisal cost = Annual inspection costs + Annual testing cost

Where,

Annual inspection costs =$172,000

Annual testing cost=$535,000

Let plug in the formula

Appraisal cost = $172,000 + $535,000

Appraisal cost = $707,000

Therefore Sam's appraisal cost for quality last year will be $707,000.

3 0
3 years ago
Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida star
Volgvan

Answer:

Residents (people's) reaction to Incentives

Explanation:

An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.

Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.

Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.

It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.

3 0
3 years ago
When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify: Company
Finger [1]

Answer:

Company strengths and weaknesses

Explanation:

SWOT analysis is a strategic technique that help to identify company´s risk or weakness and how to overcome with it´s strength and opportunity. It can be used at any platform. It is useful analysis for future course of action that help the company to grow and prepare itself from any possible threat.

SWOT stands for Stength, Weakness, opportunity and threat.

6 0
3 years ago
Using the profitability index method, the present value of cash inflows for project flower is $88,000 and the present value of c
ICE Princess25 [194]
Im not so sure yu should ask somebody thats really good in math sorry i couldnt help
4 0
3 years ago
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