An Exchange of E-Mails Cannot Create a Complete and Unambiguous

question 46

True/False

An exchange of e-mails cannot create a complete and unambiguous binding agreement.

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Definitions:

Direct Labour Hour

The amount of time spent by workers directly manufacturing a product, which is used as a basis for allocating production costs in cost accounting.

Static Budget

A budget based on a set level of activity or volume that does not adjust over the period for actual activity levels.

Standard Cost

A pre-determined estimate of the cost to produce a single unit or a number of units during a specific period.

Machine Hours

A measure of production time, calculating the total hours that machines are operated in the manufacturing process.