Which of the Following Is Correct Regarding Betty's Statement That

question 2

Multiple Choice

Which of the following is correct regarding Betty's statement that there was no contract?

• A) Betty is correct. There was no contract because she had not started working.
• B) Betty is incorrect because there was a bilateral, express agreement.
• C) Betty is incorrect because there was a bilateral, implied agreement.
• D) Betty is incorrect because there was a unilateral, express agreement.
• E) Betty is incorrect because there was a unilateral, implied agreement.

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Definitions:

Cash Inflows

Money received by a business from its activities, e.g., sales of goods, provision of services, loans received.

Cash Outflows

Cash Outflows are the amounts of money paid out by a business in a period, including expenses, investments, and loans repayments.

Profitability Index

A calculation used to determine the relative profitability of an investment, computed by dividing the present value of future cash inflows by the initial investment cost.

Payback Technique

A method of evaluating investments by determining the length of time it will take to recoup the original investment amount.