The Basic Concept That Both Parties to a Contract Should

question 41

Multiple Choice

The basic concept that both parties to a contract should have agreed to the same terms is referred to as:

• A) bilateral agreement
• B) mutual assent
• C) co-agreement
• D) common intent

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Definitions:

Earnings Per Share

A financial metric that measures the profitability of a company on a per-share basis, calculated by dividing the company's net income by its total number of outstanding shares.

Return On Total Assets

A financial ratio that measures a company's profitability relative to its total assets.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

Days' Sales In Inventory

A financial metric indicating the average time in days that a company takes to turn its inventory into sales.