A ______Is an Explicit or Implicit Promise in a Contract

question 36

Multiple Choice

A ______is an explicit or implicit promise in a contract with a customer to transfer goods or services.

• A) constructive obligation
• B) performance obligation
• C) liability obligation
• D) constructive liability

Understand the role and impact of technology in modern hiring processes, including video interviews.

Grasp the concept of job sample tests and work sample tests, including their validity.

Distinguish between the situational and behavioral interviews and their underlying premises.

Recognize the advantages and disadvantages of various interview formats, including panel and one-to-one interviews.

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Definitions:

Premium

An amount paid in addition to the standard or expected cost, often for insurance coverage or higher quality goods and services.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Specific Assets

Assets that are designated for a particular use or service within a business, often tailored to particular operational requirements.

Appreciation

The increase in the value of an asset over time, which can affect investments, real estate, and other properties due to a variety of factors such as demand and inflation.