Consideration Is

question 37

Multiple Choice

Consideration is:

• A) the concern shown by the other contracting party.
• B) what is demanded by the promisor as the price for the promise.
• C) a stated number of dollars.
• D) the concern of both contracting parties for the protection of the environment.

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Definitions:

Total Revenue

Total Revenue refers to the total receipts from sales of goods and services over a given period, calculated as the quantity sold multiplied by the price.

Economic Profit

The gap between the money made from sales and the forgone benefits of the inputs employed.

Total Revenue

The total amount of money generated by the sale of goods or services related to the company's primary operations.

Assistant's Salary

The compensation provided to an assistant, which could vary based on industry, role, experience, and location.