The Ideal Number of Scale Categories Is

question 72

Multiple Choice

The ideal number of scale categories is

• A)always an even number.
• B)two or three.
• C)an odd or even number, but always with a neutral point.
• D)more than nine.
• E)none of the above.

Understand the role and application of the parol evidence rule in contract disputes.

Recognize the exceptions to the statute of frauds and how they affect contract enforceability.

Understand the importance of usage of trade and its impact on contract interpretation and enforcement.

Comprehend the conditions under which oral contracts may be considered enforceable despite the statute of frauds.

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Definitions:

Business Cycle

The fluctuating levels of economic activity over time, including periods of expansion, peak, recession, trough, and recovery.

Recessionary Gap

A situation in an economy where the actual output is less than the potential output, indicating underutilized resources and unemployment.

Raise G

This term is ambiguous without context, but it could refer to increasing government spending or investment in certain contexts.

Social Security Tax

A tax paid equally by employee and employer, based on employee’s wages. Most proceeds are used to pay Social Security retirement and Medicare benefits.