Which of the Following Is True of Price Terms in a Contract

question 32

Multiple Choice

Which of the following is true of price terms in a contract?

• A)A fixed price term is essential for a binding sales contract.
• B)Price terms cannot be determined at a future date.
• C)No contract is created if price terms are not agreed on.
• D)A contract is void if price terms are omitted.

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Definitions:

Sensitive

describes a state or condition that requires careful handling due to potential for adverse reactions or outcomes.

MARS Model

A framework that identifies four factors—Motivation, Ability, Role Perceptions, and Situational Factors—that combined influence employee performance and behavior.

Situational Factors

External or contextual conditions that influence the outcome of an individual's behavior or an organization's performance.

Role Perceptions

An individual's understanding of their responsibilities, duties, and expectations within their role in an organization or team.