All Contracts Must Be in Writing to Be Enforceable

question 17

True/False

All contracts must be in writing to be enforceable. ​

Grasp the historical impact of the Industrial Revolution on business practices and society.

Differentiate between for-profit and not-for-profit organizations and their operational priorities.

Discern the importance and methods of competitive differentiation within industries.

Understand the relationship between technology and capital and their roles as factors of production.

---

Definitions:

Electrons

Subatomic particles with a negative electric charge, found in all atoms and acting as the primary carrier of electricity in solids.

Valence Shells

Valence shells are the outermost shell of an atom that contains the electrons most likely to be involved in chemical reactions.

Noble Gas

A group of chemical elements with similar properties under standard conditions; they are odorless, colorless, monatomic gases with very low chemical reactivity.

Electron Shell

The grouping of electrons surrounding the nucleus of an atom, where electrons exist in fixed energy levels.