Which of the Following Transfers Will Generally Be Valid Without

question 79

Multiple Choice

Which of the following transfers will generally be valid without the consent of the other parties?

• A)The assignment by the lessee of a lease contract where rent is a percentage of sales.
• B)The assignment by a purchaser of goods of the right to buy on credit without giving security.
• C)The assignment by an architect of a contract to design a building.
• D)The assignment by a patent holder of the right to receive royalties.

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Definitions:

Padding the Budget

The practice of including extra costs in a budget to create a financial cushion, which can mislead or distort financial planning and decision-making.

Goal Incongruence

A situation where the objectives of different stakeholders or parts of an organization conflict with each other, potentially leading to inefficiencies or counterproductive actions.

Cost Target

Cost target is the budgeted or desired cost of manufacturing a product or executing a project, aimed at ensuring competitiveness and profitability.

Responsibility Accounting

An accounting system focused on controlling costs and evaluating performance by assigning responsibility to individual managers or departments.