A Condition Precedent Is a Term of a Contract That

question 113

True/False

A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.

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Definitions:

Fixed Expenses

Expenses that remain constant regardless of the amount of production or business operations, like lease payments or wages.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the return relative to the investment's cost.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments, calculated by dividing net profit by the cost of investment.

Operations Margin

The ratio of operating income to net sales, indicating the efficiency of a company's management by showing the proportion of revenue that turns into profit.