Author Question: Which of the following statements is true of contracts? a. They are used only in case of ... (Read 34 times)

debasdf · **on:** Jun 30, 2018

Which of the following statements is true of contracts?
a. They are used only in case of standardized transactions.
b. They protect a seller's investment in the transaction.
c. They allow the concerned parties to benefit from short-term price fluctuations in the market.
d. They reduce the impact of market risk on the transaction as well as economic value in the long run.

Question 2

The phrase to spread the overhead refers to reducing the costs that are not directly attributable to the production process.
a. True
b. False
Indicate whether the statement is true or false