Which of the Following Is Not a Method of Ratification

question 21

Multiple Choice

Which of the following is not a method of ratification?

• A) Through express language.
• B) Written acceptance of a portion of the contract.
• C) Through failure to make a timely disaffirmance.
• D) As implied from conduct.

---

Definitions:

Sales Revenue

The total amount of money generated from the sale of goods or services before any costs or expenses are deducted.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit, showing how much each unit contributes to covering fixed costs and earning profit.

Operating Income

The profit earned from a firm's normal core business operations, excluding deductions of interest and taxes.