Carrie and Clayton Enter into a Contract

question 79

Multiple Choice

Carrie and Clayton enter into a contract.Carrie transfers her rights under the contract to Tamir.What is this transfer of rights called?

• A)Referral
• B)Transfer
• C)Privity
• D)Assignment
• E)Disgorgement

Recognize different letter styles and their applications in business communication.

Understand the significance of a well-structured content in business letters.

Identify common errors in letter preparation and know how to avoid them.

Understand various postal services options and their relevance to business correspondence.

---

Definitions:

Conversion Costs

The costs required to convert raw materials into finished products, including direct labor and manufacturing overhead.

FIFO Method

An inventory valuation method that assumes the items purchased or produced first are sold first.

Indirect Labor

Labor costs associated with aid or support roles that do not directly contribute to the production of goods or services, such as maintenance and supervision.

Direct Labor

The wages paid to workers who are directly involved in the production of goods or services.