A Quasi Contract Is a Fictional Contract

question 39

True/False

A quasi contract is a fictional contract.

Recognize the role of personal and situational influences in determining behavior.

Differentiate between stereotypes, prejudice, and discrimination.

Analyze the influence of group dynamics on personal relationships and societal interaction.

Understand the implications of social identity and group membership on individual perception and behavior.

---

Definitions:

Cash Collections

The process of receiving payment from customers for goods or services provided, impacting the company's cash flow positively.

Manufacturing Costs

Expenses directly incurred in the production of goods, including raw materials, labor, and overhead costs.

Insurance Expense

Insurance expense is the cost incurred by a business for various types of insurance coverages to protect against risks and potential liabilities.

Property Tax

Taxes paid by property owners, based on the value of their property, to fund municipal services such as schooling, road maintenance, and public safety.