Solved

Mike Owns a House in a Poor Area of a Large

question 29

Multiple Choice

Mike owns a house in a poor area of a large city.Mike is on disability and his total monthly income is $700.A sales representative visits his home,selling a water purification system.Mike buys and signs a contract that calls for monthly payments of $500 for the next 10 years.The water system is worth no more than $1000.Mike did not understand what he was signing and thought it was a permission slip allowing the salesman to conduct a free water test to determine the number of toxins in the water.A court would most likely find this contract:

Learn the etiquette and best practices for electronic communication with clients and customers.

Know the impact of sales technology on salespersons' productivity and customer service.

Understand the concept of scale errors and their causes in young children.

Comprehend the relationship between development stages and cognitive competencies in early childhood.

Definitions:

Absolute Advantage

The ability of an individual, firm, or country to produce more of a good or service with the same amount of resources as another, making it more efficient.

Piano Tuning

The process of adjusting the tension of the strings in a piano to achieve the desired musical pitch or harmony.

Shoe Polishing

The process of cleaning, conditioning, and applying polish to shoes to enhance their appearance and longevity.

Profit Margin

A financial metric that measures the degree to which a company or a business activity makes money, expressed as a percentage of revenue.