Which of the Following Is an Exception to the Statute-Of-Frauds

question 8

Multiple Choice

Which of the following is an exception to the statute-of-frauds requirement that sale-of-goods contracts be in writing?

• A) a contract involving goods that are worth at least $500
• B) a contract involving the sale of land
• C) a contract for goods for which payment has been made
• D) a contract for a service that lasts for 5 years
• E) a collateral promise to pay another's debt

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Definitions:

Strategic Initiatives

Strategic initiatives are comprehensive plans designed to achieve key business objectives and enhance the competitive position of an organization. These initiatives often involve cross-functional teams working towards common goals.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improving internal and external communications and monitoring performance against strategic goals.

Lagging Indicator

A metric that shows the effects of economic events, trends, or investment performance after they have occurred.

BSC Performance Perspectives

The four angles (financial, customer, internal processes, and learning & growth) through which the Balanced Scorecard evaluates an organization's performance.