Generally, a Promise Is Legally Enforceable Even If Nothing Is

question 9

True/False

Generally, a promise is legally enforceable even if nothing is given or received for the promise.

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Definitions:

Monthly Sales

represent the total revenue or units sold within a month.

Products

These are items or services created through a process of production and are offered in the marketplace to satisfy consumer demand.

Break-Even Level

The point at which total revenues equal total expenses, and the business neither makes a profit nor incurs a loss.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.