Dispatch Corporation and Hauling, Inc

question 18

Multiple Choice

Dispatch Corporation and Hauling, Inc., agree in advance to terms that apply to their future e-transactions. This is

• A) ​a partnering agreement.
• B) ​a click-on agreement.
• C) ​a shrink-wrap agreement.
• D) ​a choice-of-law clause.

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Definitions:

Sales

The total amount of goods or services sold by a company, contributing to its revenue.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not affect future business decisions.

Incremental Overhead

The additional overhead costs incurred as a result of a specific business activity or decision.

Salary Expense

The total amount paid to employees for services rendered during a specific period, usually shown in the income statement.