Web Surveys May Include All EXCEPT ______

question 24

Multiple Choice

Web surveys may include all EXCEPT ______.

• A) hosting your survey on its own website
• B) using commercial web-based surveys
• C) using social media to reach respondents
• D) mailing survey forms to respondents

Analyze the legal effect of an illusory promise and gratuitous promises in contract law.

Explain the importance of legal detriment and legal benefit in the context of enforceable contracts.

Understand the role and application of promissory estoppel in contract law.

Recognize the application and exceptions to the doctrine of consideration, including past consideration and moral obligation.

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Definitions:

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, with each good produced up to the point where the last unit provides a level of utility equal to its cost of production.

Productive Efficiency

A situation where goods and services are produced at the lowest possible cost and resources are utilized optimally.

Cost Minimization

A strategy employed by businesses to reduce production or operational costs to the lowest possible level without sacrificing quality or output.

Marginal Cost

The cost implicated in generating an added unit of a product or service.