The Following Are All Strengths of a Custom Development Design

question 70

Multiple Choice

The following are all strengths of a custom development design strategy EXCEPT _____.

• A) builds technical skills
• B) greater creativity
• C) greater flexibility
• D) lower risk
• E) none of these

Understand the principles of offer and acceptance in contract formation.

Identify the conditions under which an advertisement constitutes an offer or an invitation to treat.

Recognize the role of consideration and intention in establishing a legal relationship.

Distinguish between unilateral and bilateral contracts.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, distributing earnings.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Accounting Figures

Quantitative values or financial numbers that are recorded from business transactions in the financial statements.

Actual Cash Flows

The real movement of money in and out of a business or investment, excluding any projections or estimates.