According to Contract Law,a(n)________ Is a Belief About a Fact

question 13

Multiple Choice

According to contract law,a(n) ________ is a belief about a fact that is not in accordance with the truth.

• A)assertion
• B)concealment
• C)mistake
• D)material

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Definitions:

Investment Center

A business segment whose manager has control over cost, revenue, and investments in operating assets.

Cost Center

A business segment whose manager has control over cost but has no control over revenue or investments in operating assets.

Profit Center

A business segment whose manager has control over cost and revenue but has no control over investments in operating assets.

Margin

Net operating income divided by sales.