In an Express Contract,the Terms Are Fully Stated in Words

question 41

True/False

In an express contract,the terms are fully stated in words.

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining projected income and expenses over a period.

Dividend Payout Ratio

The fraction of net earnings a firm pays to its shareholders as dividends, usually expressed as a percentage.

External Funding

Capital that comes from outside an organization, including bank loans, public offerings, or investments from private entities, used to finance operations, growth, or investments.

Assets/Sales Ratio

A financial metric indicating how much assets a company holds per unit of sales revenue.