Which of the Following Are Contracts That Contain Multiple Parts

question 31

Multiple Choice

Which of the following are contracts that contain multiple parts which can each be performed separately and for which separate consideration is offered?

• A) Independent contracts
• B) Substantive contracts
• C) Adhesion contracts
• D) Justifiable contracts
• E) Severable contracts

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Definitions:

Personnel Costs

The total amount of financial compensation and benefits that a company pays to its employees.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Step-down Method

A cost allocation method used to allocate overhead costs to departments or products, moving sequentially from departments with the highest overhead costs to those with the least.

Service Department

A service department is a unit within an organization that provides support services to other departments, rather than directly contributing to revenue.