Quasi Contract Are Not Actual Contracts

question 12

True/False

Quasi contract are not actual contracts.

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Definitions:

Performance Measures

Quantitative and qualitative indicators used to assess how well an individual, organization, or system is performing, often against predefined targets or standards.

Previous Year's Profits

The net earnings of an organization in the financial year immediately preceding the current one.

Gainsharing Plan

A performance-based compensation strategy that allows employees to share in the company's savings or gains, often from productivity improvements.

Cost Data

Information related to the expenses incurred for producing a product or delivering a service.