____________________ benefits can be measured and expressed in financial terms, while ____________________ benefits cannot be easily measured and/or quantified

Which of the following statements about options is true?

A. The optionee is obligated to purchase the property. B. If the option is not exercised the consideration must be refunded. C. An option is bilateral agreement. D. The optionee (buyer) can decide not to exercise the option.

A man bought the contents of a store for $9,300. He sold the goods for 1/3 more than they cost him. He lost 15% of the selling price in bad debts. His entire profit on this investment was:

A: 18-1/3%; B: $1,240; C: $1,860; D: $3,100.