Which of the Following Statements About Standardized Form Contracts Is

question 68

Multiple Choice

Which of the following statements about standardized form contracts is false?

• A)Frequently,the terms of standardized contracts are negotiable.
• B)They are used both online and offline.
• C)They are contracts that are preprinted by one party and presented to the other party for signing.
• D)In most situations,the party who drafts and presents the standardized contract is the party who has the most bargaining power in the transaction.

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Definitions:

Capacity

The maximum amount that something can contain or produce, often used in the context of production and manufacturing.

Lumpy Assets

Those assets that cannot be acquired smoothly, and that require large, discrete additions. For example, an electric utility that is operating at full capacity cannot add a small amount of generating capacity, at least not economically.

Financial Forecasting

The process of estimating or predicting how a business will perform in the future through the use of historical data and other information.

Fixed Assets Added

Refers to the purchase or acquisition of physical assets by a company that are expected to be used for longer than one accounting period.