The Essential Characteristic of a Credible Promise Is That

question 131

Multiple Choice

The essential characteristic of a credible promise is that

• A) it must be spoken with great sincerity.
• B) it must be in the interest of the promiser to keep the promise.
• C) the promiser may or may not keep the promise.
• D) it is legally enforceable.
• E) the promiser must have integrity.

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Definitions:

Average Total Cost

The total cost of production divided by the total quantity of output produced.

Mixers

Devices or software used to combine multiple audio signals into one or more output channels.

Cakes

Baked confections made from ingredients like flour, sugar, and eggs, often sweetened and served as a dessert or for special occasions.

Economies of Scale

Economies of scale are benefits companies gain from their operation size, leading to a decrease in the cost per unit as their scale of operation increases.