The Traditional Doctrine of Estoppel, Rather Than Promissory Estoppel, Requires

question 42

Multiple Choice

The traditional doctrine of estoppel, rather than promissory estoppel, requires proof

• A)of either consideration or seals from both parties.
• B)of a statement regarding a past or present fact.
• C)of detrimental reliance by the representor.
• D)that one of the parties acted inequitably.
• E)of an intention to create a new contract.

Understand the concept and application of standard costs in cost management and product costing.

Analyze the impact of practical standards on manager attitudes and commitment.

Identify potential negative outcomes of incentive systems based on meeting predetermined standards.

Recognize the importance and methods of setting standards, including benchmarking and time and motion studies.

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Definitions:

The Internet

A global network of computers that provides a wide range of information and communication facilities.

Forgery

The act of falsifying documents, signatures, or artworks with the intent to deceive.

Falsifying Records

The act of altering, fabricating, or creating false information in documents with the intent to deceive or mislead.

Forgery

The act of fraudulently making or altering a document or object with the intent to deceive.