During the Past Six Months, a Purchasing Agent Placed the Following

question 102

Multiple Choice

During the past six months, a purchasing agent placed the following three orders for coal: What is the weighted arithmetic mean price per ton?

• A)$87.25
• B)$72.33
• C)$68.47
• D)$89.18

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Definitions:

Consideration

The worth, including currency, services, or items, that is traded between entities in an agreement.

Contract Void

A contract void is a contract that is deemed legally nonexistent and unenforceable from the outset, due to illegality or other serious defects.

Undue Influence

Undue influence is a legal concept where an individual is able to persuade another's decisions due to the relationship between the two, often leading to an unfair advantage.

Misrepresentation

A false statement of fact made by one party to another, which induces that other party to enter into a contract.