A Positive Correlation Between Two Factors Means _____

question 130

Multiple Choice

A positive correlation between two factors means _____

• A)the value of one increases as the other decreases.
• B)the value of each moves in the same direction.
• C)the value of both only increases.
• D)there is no relationship between the two variables.

Understand what constitutes a misrepresentation in contract law.

Recognize the importance of justifiable reliance on a statement for fraudulent misrepresentation.

Grasp the significance of nondisclosure in contract rescission.

Identify when a contract is voidable and the options available.

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Definitions:

Fixed Asset

A long-term tangible piece of property that a firm owns and uses in its operations to generate income.

Book Value

The net value of a company's assets minus its liabilities and preferred stock, reflecting the amount that shareholders would theoretically receive if the company was liquidated.

Market Value

The up-to-date price at which transactions for assets or services are conducted in a marketplace.

Building Account

An account used in accounting to track the costs associated with the construction or purchase of a building.