The Fact That a Haircut Given to a Customer Cannot

question 71

Multiple Choice

The fact that a haircut given to a customer cannot be exactly the same as a haircut given to another customer relates to the difference between service providers and manufacturers in terms of:

• A)consumption of output.
• B)tangibility of inputs.
• C)labor required.
• D)measurement of productivity.
• E)uniformity of output.

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Definitions:

Unliquidated Debt

Debt for which the exact amount owed has not been determined.

Accord And Satisfaction

A legal contract whereby two parties agree to discharge a tort claim, contract, or disputed claim by an agreement (the accord) and payment (the satisfaction) that differs from the original agreement.

Liquidated Debt

A fixed and settled debt amount that is acknowledged by both the debtor and the creditor.

Preexisting Duty

A legal principle that states a promise to do something that one is already legally obligated to do is not sufficient consideration for a new contract.