If a Contract Requires That Performance Be Rendered Directly to a Third

question 3

True/False

If a contract requires that performance be rendered directly to a third party,the third party is an incidental beneficiary.

---

Definitions:

Alternative Actions

Different courses of action or strategies that can be taken in a given situation.

Decision Making

A component inherent in the other management processes of planning, directing, controlling, and improving.

Product Assembly Labor

The labor costs associated with putting together the final product in a manufacturing process.

Direct Costs

Costs that can be directly attributed to the production of specific goods or services.