A[n] ______ Occurs When a Former Minor Does Not Specifically

question 38

Multiple Choice

A[n] ______ occurs when a former minor does not specifically state that he affirms a contract entered into as a minor but takes some action that is consistent with intent to ratify the contract.

• A) Implied ratification
• B) Express ratification
• C) Express novation
• D) Implied novation
• E) Continued safety

Identify the strengths and weaknesses of various leadership styles including authoritarian, laissez-faire, and democratic.

Recognize the importance of emotional intelligence (EQ) in leadership and its constituent traits.

Comprehend key leadership theories, including Fiedler's contingency theory, path-goal theory, and transformational leadership theory.

Grasp the role and impact of mentors in professional development and organizational commitment.

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Definitions:

Uncollectible

Refers to accounts receivable that a company deems unlikely to be collected and is therefore written off as a bad debt expense.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods that a retail company plans to purchase during a certain period to meet its sales goals.

Second Quarter

Refers to the second division of a fiscal year, often comprising months April, May, and June, used for reporting and planning in businesses.

Unit Sales

Unit sales measure the total number of individual items or units that a business sells within a specific period.