Most Offers and Contracts Set Forth ________ Terms That Identify

question 3

Multiple Choice

Most offers and contracts set forth ________ terms that identify the parties,the subject matter of the contract,the consideration to be paid by the parties,and the time of performance.

• A) conditional
• B) hypothetical
• C) express
• D) implied
• E) subjective

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Definitions:

Average Rate of Return

It calculates the return, generated over a period of time, of an investment compared to the initial investment.

Net Present Value Method

A method in capital budgeting that evaluates an investment by calculating the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Present Value

The estimated current value of a forthcoming sum of money or series of cash inflows, considering a certain rate of return.

Method

A systematic way or approach used to accomplish a task or solve a problem, often applied in research, analysis, or strategic planning.