Vince Offers to Buy a Book Owned by Sun-Hi for Twice

question 1

Multiple Choice

Vince offers to buy a book owned by Sun-Hi for twice what Sun-Hi paid for it.She accepts and hands the book to Vince.Sun-Hi's delivery of the book is

• A)not consideration because its transfer is a preexisting duty.
• B)not consideration because its exchange is not a bargain.
• C)consideration.
• D)not consideration because its value is legally insufficient.

Identify and describe various electronic communication technologies.

Recognize the importance of data security in electronic communications.

Understand the principles of effective Web and email writing.

Appreciate the role of instant messaging in modern communication.

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Definitions:

Profit-maximizing

A strategy or point where a business reaches the highest possible profit level with given operational limits and market conditions.

Total Revenue

the overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.

Variable Cost

Costs that change in proportion to the activity of a business such as the cost of raw materials.

Variable Costs

Costs that vary in proportion to the level of production or sales volume.