Select the incorrect alternative: The agreement upon a written specification has several benefits.a.The clarity will reveal misunderstandings.b.None of the above.c.It summarises all the benefits.d.It forces all project role-players and stakeholders to consider all the details.

When completing a memorandum clarity can be sacrificed to brevity. Question 27 options: True False

Which ONE of the following statements is CORRECT?a.In the absence of any provision in the contract that regulates how partners will share in the profit, a division of assets upon dissolution is made in proportion to the partners’ respective contributions to the enterprise.b.The assets of the partnership do not belong to the partners, but to the partnership.c.In the absence of any provision in a contract that regulates how partners share in the net profit or loss of the partnership, the net profit or loss is shared equally by all the partners.d.The natural consequences of a contract are those consequences which apply to a particular type of contract by choice of the parties to that contract.

Which of the following statement is correct?Statement 1: Partnership requires agreement.Statement 2: Joint Venture may not necessarily have an agreement.

which of the following is benefits of standard work?Select one:a. Increase capacity and productivity by reducing waste.b. To record and document the actual process.c. Reduced inventory.d. All

All contracts are agreements. All agreements are accepted offers. Which of the following derivation is correct?A.All accepted offers are contracts.B.All agreements are contracts.C.All contracts are accepted offers.D.None of the above.