Which of the Following Is a Contract Most Likely to Fall

question 194

Multiple Choice

Which of the following is a contract most likely to fall under UCC Article 2:

• A) Abbie purchases a suite of office furniture from Office Lots
• B) Landers hires Ace to move and store her furniture while she is in London for two years
• C) Nock hires CompuW to service its computers for a year so they are kept in good condition
• D) Disney buys the copyright on a book to make it into a movie
• E) none of the other choices

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Definitions:

Sales Variance

Sales variance is the difference between actual sales and budgeted or planned sales, used to assess performance.

Variable Costs

Costs that vary directly with the level of production or business activity.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.

Sales Volumes

The quantity or number of products sold or services rendered in a particular period of time.