Bud Approves on Behalf of Cody-But Without Authorization-A Contract with Dik

question 9

Multiple Choice

Bud approves on behalf of Cody-but without authorization-a contract with Dik to build a new silo. Cody does not ratify the contract. Later, Dik tries to enforce the deal. This attempt will be​

• A) ​partly successful.
• B) ​partly unsuccessful.
• C) ​totally successful.
• D) ​totally unsuccessful.

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Definitions:

Dollars

The currency unit of the United States, often used to represent money or economic transactions.

Break-Even Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that vary in relation to the amount of products or services a company generates.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, or loan payments.