1. Kimberly Jones is the founder of a company in the medical equipment industry. Kimberly's firm is still in the feasibility analysis stage and doesn't have a product that is ready to sell. The company is spending about $25,000 per month and expects to maintain that level of spending until it reaches profitability. The $25,000 a month is Kimberly's:
a. consumption rate
b. utilization rate
c. burn rate
d. usage rate
e. liquidity rate
2. What is a saving clause? Why would an entrepreneur want to include a saving clause in a contract?
3. What is assent in a contract and what invalidates it?