Which One of the Following Is True with Regard to the Ending

question 128

Multiple Choice

Which one of the following is true with regard to the ending of a contract by performance?

• A) In law, a certified cheque is the same as cash.
• B) If a person owing money has tendered payment in a reasonable way, at a reasonable time, and it has been refused, he is free from any further obligation to pay.
• C) If a person attempts to perform services in accordance with the terms of the contract and the buyer refuses those services, the person attempting to perform can sue the buyer with no further attempt to perform.
• D) Legal tender consists of bills or coin in any amount.
• E) If a warranty is breached, the victim has no further obligation to perform under the contract.

Understand the different functions and types of control within organizations.

Recognize the role of objectives in measuring actual performance.

Distinguish between preventive maintenance and concurrent control.

Appreciate the significance of long-range planning and financial projections.

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Definitions:

Producing Bagels

The process of making bagels, involving mixing, shaping, boiling, and baking dough in a manner specific to this type of bread.

Marginal Cost

Marginal cost is the additional cost incurred from producing one more unit of a good or service.

Producing Bagels

The process of making bagels, which involves mixing, shaping, boiling and then baking dough, typically in a commercial or artisanal bakery setting.

Total Cost

The complete cost of producing a specific quantity of goods or services, including fixed and variable costs.