Claire Will Be Including Large Amounts of Data in a Business

question 90

Multiple Choice

Claire will be including large amounts of data in a business report she is writing and wants to ensure that the data are meaningful to her readers.What should she do?

• A) Write the problem statement
• B) Ask for help on a social networking site
• C) Organize the data into tables
• D) Omit the data from her report to avoid confusing her readers

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Definitions:

Illusory Consideration

An apparent promise or agreement that lacks a real commitment and therefore does not form a binding contract.

Adequacy of Consideration

An evaluation of whether something of legally sufficient value has been given in exchange for a promise or action, as part of a contract.

Fair Market Value

An estimate of the market value of a property, based upon what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.

Unilateral Contract

A type of contract in which only one party makes a promise or undertakes a performance in exchange for an act, rather than a promise, from the other party.