Reference no: EM132088028

1. What components should an entrepreneur or manager include within a business plan? Explain each component.

2. Which of the following is a FALSE statement?

A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet.

B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract.

C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership.

D. "Going public" by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital.

3. Which of the following is a false statement?

A. An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act.

B. Under the objective theory of contracts, the courts will look at the subjective intent of the parties to determine if a contract was formed.

C. A contract may be oral and be enforceable.

D. The doctrine of quasi-contract attempts to prevent unjust enrichment when no contract actually exists