Given the complexities of international business, manufacturing is generally the only value-chain activity that firms outsource abroad

If the variable cost per unit decreases, the total number of units required to break even will increase

Indicate whether the statement is true or false

Under which of the following circumstances would a promoter be relieved of personal liability on contracts entered into while engaged in forming a corporation formation?

A. When the bylaws of the corporation expressly adopt all preincorporation contracts without novation. B. When the corporation unknowingly accepts the benefits of the contract. C. When the contracting party verbally agrees to relieve the promoter. D. When the third party, the corporation, and the promoter enter into an agreement to substitute the corporation for the promoter.