Which of the Following Are Valid Reasons for a Firm

question 9

Multiple Choice

Which of the following are valid reasons for a firm not using objective techniques?
i. Data may not be available.
ii. Cost estimates are sufficiently accurate for the firm's purposes.
iii. Accountants may be ignorant of appropriate techniques.
iv. The firm gives low priority to cost estimation.

• A) i and ii
• B) i, ii and iii
• C) ii, iii and iv
• D) i, ii and iv

Differentiate between contracts and agreements and understand the requirements for legal enforceability.

Recognize and explain the equitable remedy of quasi-contract.

Identify and explain the rights and claims of third parties in contract law, specifically intended beneficiaries.

Distinguish between different types of damages and their purposes in contract law.

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Definitions:

Chiral

Refers to objects, including molecules, that cannot be superimposed on their mirror image, resulting in pairs of enantiomers with potentially different biological activities.

Achiral

A term describing molecules that do not exhibit handedness; these molecules are identical to their mirror images.

Chiral Molecule

A molecule that cannot be superimposed on its mirror image, often possessing a stereocenter.

Enantiomer

One of two mirror-image forms of a chiral molecule, which cannot be superimposed on each other, similar to left and right hands.