A Contract Is Substantially Performed When Performance Creates Substantially the Same

question 46

True/False

A contract is substantially performed when performance creates substantially the same benefits as those promised in the contract.

Calculate the external financing needed (EFN) based on sales projections and financing conditions.

Understand the impact of sales capacity on full-capacity sales levels.

Forecast net income based on changes in sales and costs.

Estimate the potential for sales increase without requiring additional fixed assets.

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Definitions:

External Strategic Alliances

Partnerships between businesses and other organizations, formed to pursue mutual goals while maintaining their independence.

Boundaryless Organizations

Companies that remove traditional barriers between departments as well as barriers between the organization and the external environment.

Internal Boundaries

Guidelines and distinctions set within an organization to delineate responsibilities, roles, and departments.

External Environment

External factors, forces, situations, and events outside the organization that can affect its performance and strategies.