Which of the Following Circumstances Makes It Less Likely an Oral

question 76

Multiple Choice

Which of the following circumstances makes it less likely an oral statement about weekend work would be legally enforceable as a contract term?

• A) The statement was made in the workplace.
• B) The statement is not supported by a written policy.
• C) The statement was made by an organizational manager.
• D) The statement was a specific one.

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Definitions:

Tax Exempt

Describes income, property, or transactions that are legally free from tax liability.

Common Equity

The amount of ownership in a corporation that is held by common shareholders, represented by the value of common stock plus retained earnings.

Year-end Balance Sheets

Financial statements detailing a company's assets, liabilities, and equity at the end of a fiscal year.

Retained Earnings

Profits that a company retains rather than distributes to its shareholders as dividends, often used for reinvestment.