The Title of a Contract Should Be

question 1

Multiple Choice

The title of a contract should be:

• A) general, like "Memorandum of Agreement.".
• B) written like a sentence, with only the first letter capitalized.
• C) short -- no more than five words.
• D) descriptive of the agreement, and typed in all capital letters.

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Definitions:

Operating Activities

Business actions that are directly concerned with the production and delivery of goods and services, typically reflected in the income statement.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Operating Activities

Activities that relate directly to the operations of a company, including cash flows from selling goods and services.