Braxton Questions Whether There Is Consideration for His Contract with Tawny

question 33

Multiple Choice

Braxton questions whether there is consideration for his contract with Tawny to exchange his accounting services for her payment of a certain amount.To constitute consideration,there must be

• A)a payment of money.
• B)a performance of services.
• C)a bargained-for exchange.
• D)detrimental reliance.

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Definitions:

Lean Production

A manufacturing methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Sort/Segregate

The process of separating items into different categories based on specific criteria to improve efficiency, organization, or processing.

Seven Wastes

Overproduction; queues; transportation; inventory; motion; overprocessing; defective product.

Overproduction

The manufacturing or production of goods in excess of demand, leading to inefficiencies and potential waste of resources.