A(n)________ Contract Is Commonly Defined as a Promise in Exchange

question 40

Multiple Choice

A(n) ________ contract is commonly defined as a promise in exchange for a promise.

• A)unilateral
• B)trilateral
• C)executed
• D)bilateral
• E)classified

Gain knowledge of Excel's math & trig and statistical functions.

Understand the application of financial functions in Excel.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services.

Sales Tax Rate

The percentage of sales price that is added to the sales price of goods and services, collected by sellers.

Sales Tax Rate

The percentage added to the sale price of goods and services, collected by retailers and forwarded to the government.

Sales Tax

A tax levied by a government on the sale of goods and services, collected by the retailer and passed on to the government.