Olga,a Minor,signs a Contract to Buy a Computer from Phil,the

question 8

Multiple Choice

Olga,a minor,signs a contract to buy a computer from Phil,the owner of Quality Computer Store.Olga's right to disaffirm the contract

• A)does not change the fact that Phil is bound by the contract.
• B)does not yet exist because Olga is still a minor.
• C)gives Phil,an adult,the right to disaffirm the contract.
• D)is not valid because a computer is a "necessary."

Understand the concept of variance and standard deviation in the context of investment performance.

Calculate dividend income and understand its impact on total investment return.

Determine total dollar and percentage returns on different types of investments.

Understand and calculate the dollar rate of return on investments.

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Definitions:

Production Output

The total quantity of goods and services produced in a given time period by a firm or country.

Cash Sales Policy

A cash sales policy is a business approach where transactions are conducted strictly on a cash basis, without offering credit to customers.

Discount Period

The discount period is the time frame in which a payment can be made at a discounted rate from the regular price or before it becomes due.

Percentage Cost

The cost of a financial transaction or investment expressed as a percentage of the total amount.