Lewis Tells a Representative of Music Inc

question 59

Multiple Choice

Lewis tells a representative of Music Inc. that he will pay for Nora's trumpet if she does not. Lewis does not secure any personal benefit for this promise. This promise is enforceable as a contract

• A) only if they meet to form the agreement.
• B) only if Nora agrees to it.
• C) only if the value of the trumpet is more than $500.
• D) only if it is in writing.

Appreciate the significance of privacy and security in various operational environments, including cruise lines.

Understand the strategic importance of planning and anticipating in competitive strategy.

Acknowledge the digital divide and its implications on Internet access.

Identify the uses and benefits of business process management and technologies in achieving operational excellence.

---

Definitions:

After-Tax Cost

The actual cost of an expense or investment after taking into account the effects of taxes.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.

Tax Rate

The share of profits or income that individuals or companies must pay to the government as taxes.

Market-To-Book Ratio

A financial ratio that compares a company's market value to its book value, used to evaluate whether a stock is under or overvalued.