Choose the One Most Appropriate Answer for Each

question 24

Multiple Choice

Choose the one most appropriate answer for each.
-an act intended to deceive for the purpose of inducing another to part with something of value

• A)assign
• B)attorney-in-fact
• C)breach of contract
• D)competent party
• E)consideration
• F)counteroffer
• G)duress
• H)forbear
• I)fraud
• J)liquidated damages
• K)money damages
• L)mutual agreement
• M)novation
• N)offeror
• O)rescind
• P)specific performance
• Q)statute of frauds
• R)unilateral contract
• S)void contract
• T)voidable contract

---

Definitions:

Cost

The value, measured in monetary terms, required to gain something or what is spent in order to buy, make, or achieve something.

Level Of Activity

A measure of the volume of production or operations, often influencing costs and profits in businesses.

Economic Plausibility

The degree to which economic theories or assumptions are realistic and make sense in real-world conditions.

Regression Line

A statistical tool used to describe the relationship between two variables, predicting the value of a dependent variable based on the value of an independent variable.