Which of the Following Is True Regarding Oral Assignments

question 7

Multiple Choice

Which of the following is true regarding oral assignments?

• A)Assignments may not be made orally.
• B)The Uniform Commercial Code requires that assignments be in writing when the amount being assigned is greater than $5,000.
• C)Assignments are not covered by the statute of frauds.
• D)The Uniform Commercial Code requires that assignments be in writing when the amount being assigned is greater than $500.
• E)The Uniform Commercial Code requires that an assignment of a right to receive goods be in writing when the value of the goods is $500 or more,and that an assignment of a right to receive a service be in writing when the value of the service is $1,000 or more.

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Definitions:

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Salient Attributes

Features or aspects of a product or service that are most noticeable and important to the consumer.

Positioning Method

The strategy used by a company to differentiate its products or services from its competitors' and to occupy a specific place in the minds of the target market.

Perceptual Map

A visual representation of how consumers perceive and position products, brands, or companies relative to each other, typically based on important attributes.