Which of the Following Is an Example of an Informal

question 94

Multiple Choice

Which of the following is an example of an informal contract?

• A)a recognizance
• B)a lease
• C)a letter of credit
• D)a check

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Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables, called factors.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions, which are consistent across different situations.

Human Needs

Fundamental requirements for human survival and well-being, such as food, safety, love, and esteem.

Introverted

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.