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Of the following, which one is NOT true concerning a contract?
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C. It is a mutually binding legal relationship that obligates the seller to provide specific products, services, or results and obligates the buyer to pay the seller.
D. It can take the form of a complex document or a simple purchase order.
Answer: B
Explanation:
A contract management plan is not part of a contract. It is used to identify how the contract will be administered. [Executing] PMI@, PMBOK@ Guide, 2013, 357, 382
NEW QUESTION: 2
ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.
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B. Create a balance-level reporting currency and run general ledger translation.
C. Create an account-level reporting currency.
D. Create asubledger-level reporting currency.
Answer: D
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B. indicates when remote control battery is low
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Answer: C
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A. Purchasing
B. Assets
C. Receivables
D. Payables
E. General Ledger
Answer: E
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