Which of the Following Are Discussed in the Text as Possible

question 64

Multiple Choice

Which of the following are discussed in the text as possible exceptions to the statute of frauds?

• A) Admissions
• B) Partial performance
• C) Promissory estoppel
• D) Admissions, partial performance and promissory estoppel
• E) Admission and partial performance, but not promissory estoppel

Identify the difference between a strategic plan and a financial/budget plan.

Recognize the role of budgets in performance evaluation and cost control.

Understand the concept and application of resource drivers in cost estimation.

Distinguish between resource drivers and cost drivers within organizational cost structures.

---

Definitions:

Contract Rate

Contract rate is the predetermined price agreed upon in a contract for services or goods, typically over a fixed period.

Annual Rate

The Annual Rate is the interest rate or growth rate for a year, often used in financial contexts to depict investments or loans.

Semiannual Rate

A rate of interest or growth that is calculated or applied twice per year.

Present Value

The contemporary valuation of an upcoming sum of money or cash flows over time, factoring in a designated rate of return.