When There Is a Law That Prohibits the Courts from Enforcing

question 43

Multiple Choice

When there is a law that prohibits the courts from enforcing a valid contract, it may be valid but ________.

• A) Executed
• B) Executory
• C) Unenforceable
• D) Novated
• E) Condoned

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Definitions:

Inspection Costs

Expenses associated with the activity of checking and verifying the quality or specifications of goods or services.

Direct Labor-hour

A measure of the amount of time spent by workers directly involved in the production process to manufacture a product.

High-low Method

An approach in cost accounting to determine variable and fixed charges, based on analyzing the activity's minimum and maximum levels.

Job-Order Costing

A costing system used in situations where many different products, jobs, or services are produced each period.