Which of the following contracts would be required under the statute of frauds to be in writing?
A. Any agreement that is not to be performed within one year
B. Employment of a broker to negotiate a six-month lease on manufacturing equipment Incorrect
C. Employment of a broker to purchase a real estate mortgage
D. Employment of a broker to sell trade fixtures and business goodwil
Answer: A. Any agreement that is not to be performed within one year
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The "death-spiral" effect refers to:
a. The allocation of fixed overhead costs over time to an increasing volume of output. b. A possible consequence when variable, not full, costing is used. c. A likely consequence when fixed overhead allocation rates are based on practical capacity. d. The continual raising of prices, in response to decreases in sales volume, in an attempt to recover fixed costs. e. Increases in product demand over time in response to increases in fixed promotional costs.
Scope of influence is:
a. the basis of self motivation. b. our ability to influence others. c. anything we do for the customer. d. a problem solving strategy.