Which of the Following Is a Characteristic of an Implicit

question 4

Multiple Choice

Which of the following is a characteristic of an implicit contract?

• A)It is an understanding between parties in a business relationship
• B)It is generally enforceable in court
• C)The threat of losing future business makes implicit contracts not viable
• D)They are typically used in firms that have little relationship with one another
• E)It is an alternative agreement method to the Keiretsu understandings between members

Identify and describe the domain of rational functions.

Understand and apply the concepts of average cost in real-world contexts.

Solve real-world ratio problems related to geometric figures.

Evaluate rational functions at specific points, including points of discontinuity.

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Definitions:

AASB 116

An Australian Accounting Standard Board regulation that outlines the accounting treatment for property, plant, and equipment, including recognition, measurement, and depreciation.

Depreciation Charge

The expense recorded to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear.

Economic Benefits

The gains received from the resources or actions, typically measured in terms of revenue or increased value.

Market Value

The price at which an asset or service could be bought or sold in a real or virtual marketplace, reflecting its current worth.