In the Life Cycle of a Business,a Stable Life Cycle

question 30

Multiple Choice

In the life cycle of a business,a stable life cycle stage is most closely identified with ________.

• A)old age
• B)youth
• C)maturity
• D)infancy

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Definitions:

Consideration

The benefit, interest, or value that induces a party to enter into a contract.

Revoking Assignment

The act of withdrawing or cancelling a task, duty, or responsibility that has been assigned to someone.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Prohibits Assignments

A clause within contracts that restricts or forbids the transfer of rights, responsibilities, or interests from one party to another without prior approval.