B - correct answer
Under the __________________ model of business ethics, firms focus on engaging in sustainable
business practices and helping solve social problems.
A. moral minimum
B. corporate citizenship
C. maximizing profits
D. stakeholder interest
E. promissory estoppel
F. civil servant
B - correct answer
Which of the following are elements of a common law contract?
I. agreement
II. acceptance
III. consideration
IV. capacity
V. coalition
VI. intent
VII. lawful purpose
VIII. arbitration
VIIII. jurisdiction
A. I, II, VIII, VIIII
B. I, III, IV, VII
, C. II, III, IV, V
D. V, VI, VII, VIII
F - correct answer
Which element of a common law contract answers the question: Is there mutual assent?
A. lawful object
B. consideration
C. jurisdiction
D. coalition
E. capacity
F. agreement
B - correct answer
Which element of a common law contract answers the question: Are both parties exchanging something
of value?
A. lawful object
B. consideration
C. jurisdiction
D. coalition
E. capacity
F. agreement
E - correct answer
Which element of a common law contract answers the question: Are the parties of legal age and of
sound mind?
A. lawful object