A Strong Correlation Suggests That There Is a Cause-And-Effect Relationship

question 188

True/False

A strong correlation suggests that there is a cause-and-effect relationship between two variables.

---

Definitions:

Written Offer

A formal proposal or bid presented in written form, detailing the terms under which the writer is willing to engage in a contract or agreement.

Requirements Contract

A contract in which the seller agrees to supply all of the buyer's needs for a particular good or service over a specified period.

Output Contract

An agreement in which a seller agrees to sell all of its production to a single buyer, typically used to ensure a steady market for the seller's product.

Promissory Estoppel

An equitable doctrine that prevents a party from going back on a promise even if a legal contract does not exist, provided that the promisee has relied on that promise to their detriment.