The Relationship of $325,000 to $125,000, Expressed as a Ratio

question 107

Multiple Choice

The relationship of $325,000 to $125,000, expressed as a ratio, is

• A) 2.0 to 1
• B) 2.6 to 1
• C) 2.5 to 1
• D) 0.45 to 1

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Definitions:

Nonconforming Goods

Refers to products or goods delivered under a contract that fail to meet the specifications or standards agreed upon.

Acceptance

The act of agreeing to the terms of an offer, thus creating a binding contract between the parties.

Buyer

An individual or entity that purchases goods or services from a seller for money or other agreed consideration.

Liquidated Damages

Damages specified as a term of the contract before a breach of contract occurs.