In a capitalist economy, people and businesses operate for profit in cutthroat marketplaces and are characterised by private ownership of resources and the means of production.
It highlights how market factors like supply and demand play a part in setting pricing and distributing resources.
My choice to launch a small business is an illustration of capitalism in my personal life. I noticed a market opportunity and the potential to offer a good or service that would satisfy consumers. Through individual investment and assuming the entrepreneurial risk,
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an example of a personal skill is
Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
all else equal, the higher the debt to equity ratio, the higher the risk of bankruptcy. t or f
The right response is "False." If all else is equal, increased financial leverage will lower a company's credit rating and raise the required interest rate.
What precisely happens throughout bankruptcies?The court will award you a discharge when you file for bankruptcy protection, absolving you of part of your outstanding debts to the creditors. As previously indicated, your collectors are forbidden from getting in touch with you and trying to collect the debt as soon as any loan is formally canceled.
Is filing for bankruptcy a smart move?If you're encountering issues, research your options for debt relief. However, if your consumer credit type of debt indicated above which can be discharged—equals upwards of half of your earnings or if it would take more than two years to pay down, you a minimum of five years to pay off your debt albeit with extreme austerity measures, bankruptcy might be your best option.
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explain the role of finance in business
Answer:
FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. ... FINANCIAL MANAGEMENT is the job of managing a firm's resources so it can meet its goals and objectives.
The KimTay database must combine data from all of its tables in order to print a(n) _____. -inventory report -invoice -sales rep directory -customer directoryAs Figure 1-1 shows, a KimTay invoice includes information that is stored in all five database tables: customer information, the sales rep's name, invoice number and date, purchased line items, and item descriptions
The KimTay database must combine data from all of its tables in order to print an invoice.
An invoice is a document that contains information about a customer's purchase, including the items purchased, the prices of the items, the total amount due, and other relevant details. In order to create an invoice, the KimTay database needs to combine data from all five of its tables, including the customer information table, the sales rep directory table, the inventory table, the invoice table, and the line item table.
By combining information from these tables, the database can generate an accurate and complete invoice for each customer transaction.
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which type of legal structure makes self-employment tax a relevant concern A. llc B. s-corp C. c-corp D. sole proprietor
Answer: sole proprietor
Explanation: because you are the only owner to the businesses
at the end of 2019, companies from one country collectively owned $18 billion in assets in the neighboring country. the $18 billion represents the __________ of fdi.
The $18 billion in assets owned by companies from one country in the neighboring country at the end of 2019 represents the stock of Foreign Direct Investment (FDI).
What do you mean by Foreign Direct Investment?FDI is the category of international investment that reflects the objective of obtaining a lasting interest by a resident entity in one economy (the direct investor) in an enterprise resident in an economy other than that of the direct investor (the direct investment enterprise).
The stock of FDI represents the total value of foreign-owned assets in a country at a specific point in time, and it is a measure of the accumulated value of past foreign investment inflows.
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I NEED HELP!!!!!!!!!!!!!!!!!!
Answer:
I am not home, I'm at church service will return home on Tuesday
Which customer service client is external to an organization?
department manager
consumer
CFO
sales representative
TIMEDD TEST
Answer: sale representative
Explanation:
Suppose that a flower nursery benefits from having a colony of bees located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of bee hives the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following private solutions resolving the externality of pollination took place in this scenario? Moral codes and social sanctions Contracts Integration of different types of businesses through merger or ac Charities
Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines.
Define a Contract.As it is specified that both parties signed a legal instrument in the presence of attorneys with details on the payment terms, a contract serves as the private solution to the externality of pollination. Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines. Additionally, contracts serve as insurance for both parties in the event that one party breaches an agreement and is subject to legal action.
The Coase theorem, which states that private individuals can only resolve the issues caused by externalities on their own when the interested parties can bargain without cost over the allocation of resources, states that private solutions to externalities sometimes do not work, especially when communications barriers or social customs are important enough relative to the potential gains involved. When this occurs, the private market will assist in addressing the issue of externalities and effectively allocating resources.
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Define careere pleaseeeeeeeeee
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
PLEASE PLEASE HELP ME!!
Entrepreneurs
An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau
Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)
Explanation:
hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.
Madame C.J. Walker
was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.
Howard Schultz
grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.
James Cash Penney
began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.
Samuel F.B. Morse
grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Joseph A. Unaue
grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States
Answer:
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Explanation:
George Washington Carver
(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.#SPJ2
what name is given to the process of amassing, reviewing, and summarizing all information concerning a particular planning issue? Multiple choice question.Mission statementOrganizational controlSituational analysisProfit and loss analysis
Situation analysis is given to the process of amassing, reviewing, and summarizing all information concerning a particular planning issue .
What does situation analysis mean?
The method of compiling data on the internal and external surroundings in order to evaluate the firm's existing strengths, weaknesses, opportunities, and threats and to direct its goals and objectives.
Customers offer important details about the target market, the current clientele, and the prospects a business might look to capitalize on through a marketing strategy.
What are the four situation analysis layers?
Businesses utilize a SWOT (strengths, weaknesses, opportunities, and threats) analysis, a four-point analysis, to assess the advantages and disadvantages of their internal and external environments.
Strengths and weaknesses are the first two parts of this analysis, which refer to internal elements of an organization.
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An economist for a computer company predicts that a rise in consumer incomes will increase the demand for consumers. This prediction assumes that:________
An economist for a computer company predicts that a rise in consumer incomes will increase the demand for consumers. This prediction assumes that: computers are normal goods.
A normal good is a sort of good in economics that sees an increase in demand as a result of an increase in income, as opposed to inferior products, for which the opposite is seen.
In microeconomics, supply and demand are economic theory that explains how prices are determined in a market. All other things being equal, it is assumed that in a competitive market, the unit price for a particular good or other traded goods, such as labor or liquid financial assets, will fluctuate until it settles at a point where the quantity demanded equals the quantity supplied, producing an economic equilibrium for price and quantity transacted.
Personal computers are more in demand as income levels rise. It suggests that as the supply and demand curves for computers rise, so will the cost and accessibility of computers.
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refer to figure 5-1. suppose that the government decides to set the money price of driving on the freeway at zero, but creates programs that encourage drivers to carpool. if the carpooling program is sufficiently successful to eliminate the shortage of freeway space at 8 a.m., graphically the result of the increase in carpooling would be a
Carpooling, also known as vehicle-sharing, ride-sharing, and lift-sharing, is the practice of splitting up car trips so that multiple people can travel together and avoid having to make their own way to a destination.
Carpooling lowers each person's travel expenses, such as fuel prices, tolls, and the stress of driving, by allowing more people to share one vehicle. Carpooling is also a more sustainable and environmentally beneficial method of transportation because it cuts down on air pollution, carbon emissions, traffic congestion, and the demand for parking spots. Authorities frequently promote carpooling, particularly when air pollution is high or fuel prices are high. Using all of a car's seats via carpooling is a smart idea.
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21. pls help will give brainliest
Revenues less costs, taxes, and interest equal net income (NI).NI is used to compute earnings per share. Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
How do you calculate net income in accounting?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is what remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. You can figure out your net income if you know your total income and total outgoings: Complete revenue minus total expenses equals net income. Most business owners must produce an income statement, one of the three primary financial statements, in order to determine their net income. The change in assets less the change in liabilities must equal net income, according to logic, as assets must equal liabilities plus equity. Since it is the final indicator of a company's performance, net income is frequently used interchangeably with profit. You must take the recorded retained earnings from the prior financial period, known as beginning retained earnings, and add dividends back in to calculate net income using retained earnings.The Net Income =
Total revenue – total expenses.
Total expenses
= $448000+$96000+$71000
=$615000
The
net income
= $721000-$615000
=$106000
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a stock with a current market price of $15.70 has an associated call option priced at $4.30 and a strike price of $12.50. this call has an intrinsic value of and a time value of . a) $4.30; $0 b) $3.20; $1.10 c) $1.10; $3.20 d) $0; $4.30
A stock with a current market price of $15.70 has an associated call option priced at $4.30 and a strike price of $12.50. this call has an intrinsic value of and a time value of $3.20 and $1.10. The correct option is B.
What is the intrinsic value?The current market price of the stock = $15.70
The associated call option price = $4.30
Strike price = $12.50
Firstly, we need to find the intrinsic value of the call option which is the difference between the current market price of the stock and the strike price of the option.
The intrinsic value = (Current market price - Strike price) = ($15.70 - $12.50) = $3.20
Time value = Call option price - Intrinsic value = $4.30 - $3.20 = $1.10
Therefore, the intrinsic value of the call option is $3.20 and the time value of the call option is $1.10.
Therefore, the correct option is B.
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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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luke takes temporary family leave from his job at metal works corporation to arrange for childcare and deal with financial and legal matters when naomi, his spouse, a u.s. marine on active duty, is deployed overseas. on luke’s return from the leave, metal works must
a. do nothing.
b. reimburse him for his expenses while on leave.
c. promote him to the status of a key employee.
d. restore him to his same position or a comparable position
Option D is correct, On Luke's return from the leave, the metal works corporation must restore him to his same position or a comparable position.
This is true according to California Labor Code 2922's definition of "at-will" employment for all state employees. The employer or you have the right to terminate your "at-will" employment at any moment, with no prior notice or other requirements.
The company is not permitted to use union membership as a factor in hiring decisions when employees must be let go. The prohibitions against discrimination cover hiring practices as well. Certain union activities are considered unfair labor practices according to the Labor-Management Relations Act.
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1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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THIS IS URGENT- How did Jeff bezos change the economy when he created Amazon (I need when he first created it up to now!)
Jeff Bezos when he created Amazon had a tremendous impact in the economy as he created jobs more than any other company had created before and also helped in achieving price stability.
What is Amazon?
Digital streaming, cloud computing, online advertising, and artificial intelligence are the main areas of interest for the American multinational technology business Amazon.com. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms. On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book store but has since grown to include many more product categories.
Hence, Amazon contributed to the economy in terms of sales, price stability and creation of jobs and also providing a alternate option for marketplace in a economy.
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here is 20 points cause you earned it king/queen
Assume the demand for widgets is linear. Suppose we know the demand is q=100 widgets when the price is p=$3 per widget but the demand DECREASES by 20 widgets for EVEAY $1 increase in price. (a) Find an expression for the demand function, (Hint: This means write p=D(q)=mq+b. ) (b) Use the demand equation to express the revenue as a function of q. (Hint: R(q)=p⋅q AND you have p in terms of & from part (a)? (d) Assume the cost function is given by C(q)=2q+100. Find an expressian for the profit function P(q). (e) Use the profa function to find the break-even quantity. Are there muapiple in this case? (d) Assume the cost function is given by C(q)=2q+100. Find an expression for the profit function P(q) - (e) Use the profit function to find the breakeven quantity. Are there multiple in this case? (f) Can you also find the eange of prices for which this as proftable?
(a) To find the expression for the demand function, we are given two pieces of information:
- When the price (p) is $3, the demand (q) is 100 widgets.
- The demand decreases by 20 widgets for every $1 increase in price.
Let's denote the slope of the demand function as m, and the y-intercept as b. Using the given information, we can set up the following equation for the demand function:
q = mq + b
Substituting the values we know:
100 = 3m + b
To find the slope (m), we know that the demand decreases by 20 widgets for every $1 increase in price. This means the slope is -20 widgets/$1.
Substituting the slope into the equation, we get:
100 = 3(-20) + b
Simplifying the equation gives us:
100 = -60 + b
Now, solving for b:
b = 160
Therefore, the expression for the demand function is:
D(q) = -20q + 160
(b) To express the revenue as a function of q, we multiply the demand function (D(q)) by the price (p):
R(q) = p * q
Given that the price is p = $3, we can substitute it into the equation:
R(q) = 3q
Therefore, the revenue function is:
R(q) = 3q
(d) The profit function (P(q)) can be expressed as the difference between the revenue function (R(q)) and the cost function (C(q)):
P(q) = R(q) - C(q)
Given the cost function C(q) = 2q + 100 and the revenue function R(q) = 3q, we can substitute them into the equation:
P(q) = 3q - (2q + 100)
Simplifying the expression gives us:
P(q) = q - 100
(e) To find the break-even quantity, we set the profit function equal to zero and solve for q:
P(q) = q - 100 = 0
Adding 100 to both sides, we get:
q = 100
Therefore, the break-even quantity is 100 units. In this case, there is only one break-even quantity.
(f) To find the range of prices for which the business is profitable, we need to consider the profit function P(q) = q - 100. The profit is positive as long as q is greater than 100. This means the range of prices for which the business is profitable is all prices where demand (q) is greater than 100.
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In the circular flow model, multiple choice 1 resource markets provide for the exchange of labor and product markets provide for the exchange of goods and services. goods markets provide for the transfer of money and labor markets provide for the transfer of inputs. labor markets provide for the transfer of money and goods markets provide for the transfer of inputs. resource markets provide for the goods and services and product markets provide for the exchange of labor. b. In the circular flow model, multiple choice 2 businesses buy both goods and labor; households sell both goods and labor. businesses sell both goods and labor; households buy both goods and labor. businesses buy goods and sell labor; households sell goods and buy labor. businesses sell goods and buy labor; households buy goods and sell labor. c. In the goods and services portion of the circular flow model, there is a flow of multiple choice 3 real goods and services and a flow of output. real goods and services and a flow of money. real goods and services and a flow of labor. labor and a flow of money.
It should be noted that in the circular flow model, the resource markets provide for the exchange of labor, and product markets provide for the exchange of goods and services.
The circular flow model simply shows how money moves in society. The three main actors in the circular flow of income are the households, firms, and the government.For example, in the model, the households give money to businesses after goods are bought. The government also taxes businesses. The businesses pay the people salaries, etc. It just shows how money moves in an economy.Read related link on:
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1. Assume that Alice wants to send Bob a message with the confidence that Bob will know the message was not altered while in transit. What goal of cryptography is Alice trying to achieve? And how can it be achieved?
Alice is trying to achieve the goal of ensuring message integrity through cryptography. Message integrity ensures that the message remains intact and has not been altered during transit.
To achieve message integrity, Alice can use a cryptographic technique called message authentication codes (MACs) or digital signatures.
Message Authentication Codes (MACs): Alice can generate a MAC for the message using a symmetric key shared with Bob. The MAC is a small piece of data generated using a cryptographic hash function and the shared key. Alice appends the MAC to the message before sending it to Bob. Upon receiving the message, Bob recalculates the MAC using the same key and verifies that it matches the MAC sent by Alice. If the MACs match, Bob can be confident that the message has not been tampered with.
Digital Signatures: Alternatively, Alice can use digital signatures, which provide message integrity along with authentication. Alice generates a digital signature for the message using her private key (part of a public-private key pair). The signature is unique to the message and provides a cryptographic proof of its integrity. Alice sends both the message and the digital signature to Bob. Upon receiving the message, Bob uses Alice's public key to verify the signature's authenticity and integrity. If the signature is valid, Bob can be confident that the message is unaltered and originated from Alice.
Both MACs and digital signatures provide cryptographic mechanisms to achieve message integrity and assure Bob that the message has not been modified during transit. The choice between MACs and digital signatures depends on the specific requirements and security context of the communication scenario.
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The ____ price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the ____ price indicates the price per share at which it will sell the same stock. Ask; bid say on pay; spread spread; say on pay bid; ask
The Bid price indicates how much the market maker will pay per share to buy a stated quantity of the stock, while the Ask price indicates the price per share at which it will sell the same stock.
What is the bid and the ask price?In the financial markets, the Bid price and Ask price are the two prices that are most commonly quoted for a security, such as a stock or a bond. The Bid price is the highest price that a buyer is willing to pay for the security, while the Ask price is the lowest price that a seller is willing to accept for the security.
Therefore, the correct answer is "Bid; Ask". The difference between the Bid and Ask price is called the Spread.
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Market Street Grocery carries a complete line of products that appeal to Hispanic customers. Market Street buys cleaning products such as Fabuloso, food products such as tortillas and tacos, and birthcards written in Spanish from its suppliers. This is an example of segmentation based on _______.
Due to the fact that the segmentation is based on products that appeal to Hispanics, this is a segmentation based on Psychographic factors.
What is psychographic segmentation?
This is the type of segmentation that is made due to the lifestyle of a group of people. This is one where the customers are broken into segments.
These segments are affected by the values, the beliefs and the social status of these people.
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Companies that pursue a global standardization are often in the business of industrial-goods whose products often serve universal needs. True or False?
Companies that pursue a global standardization are often in the business of industrial goods whose products often serve universal needs. It is true that companies that pursue a global standardization are often in the business of industrial goods whose products often serve universal needs.
What is Global Standardization? Global standardization refers to the practice of using a standardized approach to marketing, product development, and delivery throughout the world in order to lower costs and increase efficiency. This practice assumes that certain products and services can be offered in the same way across various cultures, languages, and regions. This method of operation is often used in industrial-goods companies whose goods often serve universal needs.
Instead of developing goods or services that are customized for each market in which they will be sold, global standardization enables businesses to develop a single product, service, or marketing campaign that can be used in all markets. This method has the advantage of simplifying procedures, reducing costs, and making international coordination easier. However, it is important to keep in mind that global standardization is not a universal solution to all market and consumer demands and that it may not work in all markets or for all goods or services.
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for each policy listed below, which resource is the primary focus: natural resources, physical capital, or human resources?
The primary focus of the Environmental Protection Policy is natural resources, the primary focus of the Infrastructure Investment Policy is physical capital, and the primary focus of the Education and Training Policy is human resources.
To determine which resource is the primary focus for each policy listed below, we need to analyze the objectives and goals of the policy.
1. Environmental Protection Policy: The primary focus of this policy is natural resources. It aims to preserve and protect the natural environment, including air, water, land, and wildlife. The goal is to ensure the sustainable use of these resources for future generations.
2. Infrastructure Investment Policy: The primary focus of this policy is physical capital. It aims to improve and expand the physical infrastructure of a country, such as roads, bridges, and public transportation systems. The goal is to enhance economic growth, productivity, and efficiency.
3. Education and Training Policy: The primary focus of this policy is human resources. It aims to develop and enhance the skills, knowledge, and capabilities of individuals through education and training programs. The goal is to improve the employability, productivity, and quality of life of individuals.
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an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.