If the GDP deflator in 2009 was 150 and the GDP deflator in 2010 was 175, then the inflation rate in 2010 was 25%.

Andrew, a newly graduated lawyer, failed to do a proper title search of a property, which resulted in his clients actually owning only two-thirds of the property which they thought they had bought. Andrew will be held to the standard of care expected of the reasonable person.

All scientific models, including economic models, simplify reality in order to improve our understanding of it.

Traditional product costing does not generally include non-manufacturing costs despite the fact that these costs are now a significant proportion of most organisations' total costs.

The U.S. Family and Medical Leave Act that took effect in 1993 applies to _________.

A) all U.S. companies.
B) all manufacturing companies.
C) all multi-national companies.
D) companies with fewer than 50 employees.
E) companies with 50 or more employees.

To accept an offer for a unilateral contract,the offeree must make the promise requested by the offer.