If a Contract Does Not Clearly Specify That the Satisfaction

question 73

Multiple Choice

If a contract does not clearly specify that the satisfaction is to be personal,the standard applies.

• A)Unbiased
• B)Express
• C)Subjective
• D)Absolute
• E)Objective

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Definitions:

Federal Minimum Wage

The lowest legal hourly wage that employers can pay their workers, as mandated by federal law.

Opportunity Cost

When deciding, the toll of not considering the next most beneficial alternative.

Bracelets

Jewelry items worn around the wrist for decoration, often made of metal, beads, or other materials.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as a result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.