Hua Applies to Inventory Corporation for a Position as a Coder

question 72

Multiple Choice

Hua applies to Inventory Corporation for a position as a coder. Hua has no training in coding. After Hua is hired, Inventory learns the truth. The employer can rescind the contract on the basis of

• A)none of the choices.
• B)fraudulent misrepresentation.
• C)mistake.
• D)undue influence.

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Definitions:

Sunk Costs

Costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions.

Capital Investment Analysis

A financial analysis method used to evaluate the potential profits and risks of investment projects.

Federal Income Tax Ramifications

These are the effects or consequences that federal tax laws have on individuals, investments, and business transactions.

Leasing Alternatives

Options available to businesses or individuals for obtaining the use of equipment or property through leasing agreements rather than purchase.