The Appointment of Another Person to Perform a Duty Under

question 45

Multiple Choice

The appointment of another person to perform a duty under a contract is called a(n) :

• A)assignment.
• B)delegation.
• C)affidavit.
• D)bilateral contract.

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Definitions:

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed, recognized as a liability.

Season Tickets

Prepaid tickets allowing entry to a series of events, typically for sports or theatrical seasons, offering a discount over purchasing individually.

Magazine Subscriptions

Recurring payments made by the readers to receive periodic publications over a specific period of time.

Supplies Expense

The cost associated with the consumption of supplies used in the operation of a business.