Reba and Sly Enter into a Contract by Which Reba

question 16

Multiple Choice

Reba and Sly enter into a contract by which Reba promises to deliver newly printed marketing brochures to Sly. Reba later transfers her duty under the contract to Troy. Reba is

• A) a delegator and an obligor.
• B) a delegator only.
• C) an obligor only.
• D) none of the choices.

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Definitions:

Gross Profit

The excess of net sales over the cost of goods sold.

Balanced Scorecard Approach

A strategy performance management tool that views an organization from four perspectives: financial, customer, process, and learning and growth.

Financial Measures

Quantitative metrics used to gauge a company's performance, financial health, and results over a specific period.

Income Statements

Financial statements that summarize a company's revenue, expenses, and profits over a specific period of time.