Which of the Following Requires Certain Types of Contracts to Be

question 35

Multiple Choice

Which of the following requires certain types of contracts to be in writing to be enforceable?

• A)Rules of evidence
• B)Restriction on assignment
• C)The substantive common law rule
• D)An exculpatory clause
• E)The Statute of Frauds

Understand the legal frameworks (e.g., Sarbanes-Oxley Act) governing corporate governance and their impact on controlling corporate behavior.

Appreciate the purposes of internal control strategies and the need for trust within these systems.

Understand the concept of clan control and its reliance on collective identity and cultural values within an organization.

Grasp the use and importance of budgets, policies, and procedures as points of control within an organization.

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Definitions:

Public Good

Nonexclusive and nonrival good; the marginal cost of provision to an additional consumer is zero and people cannot be excluded from consuming it.

Common Property Resource

A type of good consisting of natural or human-made resources where users have shared rights, often leading to problems of overuse or depletion.

Quota

A government-imposed trade restriction that limits the number, or monetary value, of goods that can be imported or exported during a specific time period.

Public Good

A product or service that is non-excludable and non-rivalrous, meaning its use by one individual does not reduce availability to others, and people cannot be effectively excluded from using the good.