Royalz Inc

question 1

Multiple Choice

Royalz Inc. is an automobile company that requires a lot of raw material to manufacture its cars. Royalz Inc. buys these raw materials from other companies that sell car parts as products. From which of the following does Royalz Inc. source its inputs?

• A)Producers
• B)Customers
• C)Suppliers
• D)Employees

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.

General Manager

An executive responsible for overseeing the daily operations and overall management of a business or organization.

Statute of Frauds

A legal principle that requires certain types of contracts, including those for the sale of land or goods over a certain value, to be in writing to be enforceable.

Interest in Land

A legal right or claim on property, entitling the holder to a specific interest or portion of the property such as ownership, use, or occupancy.