Volunteer emotions may be a deciding factor in a board of directors' decision to merge with another organization.

As of Tuesday when Jackson and Gina agreed upon the price for the job, what was the status of the agreement?

A) The contract was executory.
B) The contract was executed.
C) The contract was novated.
D) The contract was formal.
E) The contract was a recognizance contract.

The calculation for annual depreciation using the straight-line depreciation method is

A) Initial cost / Estimated useful life
B) Depreciable cost / Estimated useful life
C) Depreciable cost × Estimated useful life
D) Initial cost × Estimated useful life

As a sales promotion tactic, why do marketers prefer using rebates?

A) because customers often fail to redeem them
B) because they offer the customer a chance to actually try the product
C) because they offer incentives that encourage satisfied customers to become repeat customers
D) because they are most effective on everyday purchases
E) because they are easy for the customer to use

The concept of "personalistic ethics" states that the rightness of an action is based on the customs and norms of a particular society or community.

A negative relationship between quantity demanded and price is called the law of:

A) demand.
B) increasing returns.
C) market clearing.
D) supply.