Steve Agrees to Assume a Debt of Thumb Grippers Company

question 28

Multiple Choice

Steve agrees to assume a debt of Thumb Grippers Company to Main Street Bank.The agreement is not in writing.To be enforceable,the promise must be for the benefit of

• A)any party.
• B)Steve.
• C)Thumb Grippers.
• D)Main Street.

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Definitions:

Operations Management Process

Involves planning, organizing, coordinating, and controlling all the resources needed to produce a company's goods or services.

Custom Printing Shops

Businesses that specialize in personalizing and printing products according to customer specifications.

Intermittent Process

A production process that operates in short cycles so that it can change products.

Custom Jewelry Makers

Artisans or businesses specialized in creating jewelry tailored to the specific preferences or requirements of their clients.