POB Chapter 3 Review

POB Chapter 3 Review

9th - 12th Grade

•

40 Qs

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POB Chapter 3 Review

POB Chapter 3 Review

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Medium

Created by

Krista Scott

Used 8+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ____ is a legally binding agreement between two or more people or businesses.

receipt

document

contract

report

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A(n) ____ is a proposal to provide a good or service.

request

offer

discussion

contract

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Something of value promised in a contract is called ____.

goods

articles

fees

consideration

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

____ means that a person is legally able to enter into a binding agreement.

Competence

Capacity

Sound mind

Qualifications

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Promoting the welfare of others is called ____.

philanthropy

charity

good deeds

goodwill

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A(n) ____ is a contract to rent something.

agreement

license

hand shake

lease

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When one or more parties do not follow the agreed terms of a contract without having a legitimate reason a ____ occurs.

cancellation

breach of contract

damaged contract

broken agreement

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