Examlex
Which of the following is not a cost concept commonly used in applying the cost-plus approach to product pricing?
Fraudulent Misrepresentation
The act of intentionally making false statements to induce another party to enter into a contract, resulting in harm or damage.
Intentional Misrepresentation
Deliberate false statement by one party aimed at getting another party to enter into an agreement.
Mutual Mistake
An error made by both parties in a contract that can render the agreement void.
Negligent Misrepresentation
A false statement of material fact made by a person who thinks it is true but who would have known the truth about the fact had he or she used reasonable care to discover or reveal it.
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