Which of the Following Statements Is True for Consideration

question 41

Multiple Choice

Which of the following statements is true for consideration?

• A)It always has a monetary value,regardless of a legal value.
• B)A promisee can be enforced by the courts to keep his/her promise.
• C)It enforces gratuitous (free)promises.
• D)It is a legal value given in exchange for an act or promise.

Apply criteria-weighting for vendor selection and calculate composite scores.

Analyze the financial impacts of supply chain savings versus sales increases.

Understand key financial metrics for asset utilization.

Describe Vendor Managed Inventory (VMI) and its relation to outsourcing.

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Definitions:

Experimental Group

The group in an experiment that receives the variable being tested, allowing researchers to determine the effect of that variable.

Control Group

In experimental research, a group of subjects that does not receive the treatment being tested, allowing researchers to compare outcomes.

Personal Values

Core beliefs or principles that individuals hold, guiding their behavior and influencing their decisions, goals, and life direction.

Scientific Observation

The process of gathering information or data through the senses or scientific instruments in a systematic manner.