Which of the Following Implied Guarantee Is Made by Assignors

question 27

Multiple Choice

Which of the following implied guarantee is made by assignors who are paid for making an assignment?

• A)The assignor can enhance the value of the assignment.
• B)The assignor has good title to the rights assigned.
• C)The contract has been discharged two months prior to assignment.
• D)Any written or oral statement representing the claim is genuine.

Distinguish between explicit and implicit costs.

Analyze the impact of market price on a firm's economic decisions within perfect competition.

Understand the concept of opportunity costs in the context of economic profits.

Recognize the role of supply and demand in determining the market price for perfectly competitive firms.

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Definitions:

Cash Receipts Report

A financial document summarizing all cash inflows, or money received, by a business during a specified period.

QuickBooks

A popular accounting software package designed for small and medium-sized businesses to manage income and expenses and keep track of their financial health.

Total Revenue

The full amount of income generated by the sale of goods or services before any expenses are deducted.

Manual System

An information processing system that utilizes physical means such as pen and paper rather than computerized methods.