Match Each Following Terms with Their Correct Description from the Items

question 98

Multiple Choice

Match each following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Form prepared every time a new job is started

• A)Job-order cost sheet
• B)Time ticket
• C)Materials requisition form

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.

Enforceable

That which can be compelled or executed in accordance with legal statutes or regulations.

Binding Contracts

Agreements that are legally enforceable in a court of law, with all parties having agreed to the terms.

Joint Tenancy

A form of co-ownership where two or more persons hold an equal interest in a property with the right of survivorship.