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Markup Is Measured Either as a Percentage of ____ or a Percentage

question 76

Multiple Choice

Markup is measured either as a percentage of ____ or a percentage of ____.


Definitions:

Illusory Promise

A statement or agreement that appears to be a promise but is so vague, non-committal, or lacks definite terms that it cannot be legally enforced.

Enforceable

Capable of being imposed by law or force; refers to contracts, obligations, or rules that can be legally upheld.

Illusory Promise

A promise that is vague or made in such a way that it does not actually commit the promisor to any course of action.

Enforceable Contract

A legal agreement between parties that is valid and recognized by the law, allowing for it to be enforced in a court of law.

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