Written Contracts That Call for Performance Over a Considerable Period

question 46

Multiple Choice

Written contracts that call for performance over a considerable period of time and thus increase the risk of faulty or willfully inaccurate recollection of their terms in subsequent disputes are called:

• A)long-term bilateral contracts.
• B)collateral contracts.
• C)guaranty contracts.
• D)international contracts between companies in signatory countries.

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Definitions:

Wholesalers

Entities in the distribution channel that buy in bulk and sell to resellers rather than to the end consumers directly.

BCG Business Portfolio

A strategic planning tool that classifies a company's business units or products into four categories (Stars, Cash Cows, Question Marks, Dogs) based on market growth and market share.

SBUs

Strategic Business Units are distinct parts of a corporation that operate as separate entities or profit centers.

Quadrant B

Typically refers to a classification within a matrix or framework, which could vary by context but often relates to prioritizing tasks or strategic planning.