Principles of Business * Fall Semester 2024
Authored by Carolyn Ferrell
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A legally binding agreement between two or more people or businesses
Contract
Offer
Acceptance
Consideration
Capacity
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A proposal to provide a good or service.
Contract
Offer
Acceptance
Consideration
Capacity
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
All parties involved must agree to the terms of the contract.
Contract
Offer
Acceptance
Consideration
Capacity
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Something of value must be promised in return.
Contract
Offer
Acceptance
Consideration
Capacity
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A person is legally able to enter into a binding agreement.
Contract
Offer
Acceptance
Consideration
Capacity
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Regulates how contracts are written, executed, and enforced.
Contract Law
Breach of Contract
Sales and Service Contract
Lease
Employment Contract
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Is when one or more parties do not follow the agreed terms of a contract without reason.
Contract Law
Breach of Contract
Sales and Service Contract
Lease
Employment Contract
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