Which Statement Best Describes Written Contracts

question 38

Multiple Choice

Which statement best describes written contracts?

• A) Written contracts must be filed at the appropriate registry in order to be enforceable.
• B) Only certain types of contracts must be in writing in order to be enforceable in court.
• C) All contracts must be in writing in order to be enforceable in court.
• D) Written contracts are usually less cost-effective than verbal contracts.

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Definitions:

Return on Investment

A metric utilized to assess the effectiveness or gains of an investment or to contrast the effectiveness of various investments.

Investment Opportunity

A financial venture or asset that has the potential to generate returns, contributing to wealth growth over time.

Operations

Daily operational tasks of a business aimed at creating value for its stakeholders.

Return on Investment

A measure of the profitability of an investment, calculated as the net income from the investment divided by the cost of the investment.