Which of the Following Promises Ordinarily Need Not Be in Writing

question 51

Multiple Choice

Which of the following promises ordinarily need not be in writing to be enforceable?

• A) Promises made as a part of a prenuptial agreement.
• B) An agreement to sell of a car for $1,500.
• C) A lease of a warehouse for 24 months.
• D) A $1,000 agreement with a personal trainer for 10 sessions

Analyze the effects of demand uncertainty on responsive strategies like postponement.

Calculate optimal inventory levels and understand their impact on profitability and service level.

Understand the implications of different supply sourcing strategies on supply chain flexibility and cost.

Recognize the benefits of quick response and tailored sourcing in supply chain management.

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Definitions:

Monochronic Cultures

People tend to do one thing at a time.

Polychronic Cultures

Time is used to accomplish many different things at once.

High-context Cultures

Societies or groups in which communication is heavily reliant on context, implied messages, and non-verbal cues rather than explicit words.

Nonverbal

Communication that occurs without words, through gestures, facial expressions, body language, and other physical cues.