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IIA Exam IIA-ACCA Topic 7 Question 92 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 92
Topic #: 7

[All IIA-ACCA Questions]

Which of the following statements is most accurate with respect to various forms, elements, and characteristics of business contracts?

AA contract is a tool used by both suppliers and customers, the model and complexity of which generally remains constant

BCollaboration during contract negotiation encourages stakeholders to develop consensus but typically increases cycle times and the likelihood that the contract will fail

CDiffering legal requirements affect the attitudes of contracting parties as well as the length content and language of contracts

DA contract is a tool used by both suppliers and customers though it offers commercial assurance of the relationship, purely from a customer perspective

Show Suggested Answer

Suggested Answer: C

by Van at Nov 13, 2024, 12:00 AM

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Lauran

7 days ago

But I feel like A is also a valid option, contracts are used by both suppliers and customers

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Gregg

7 days ago

Option B is just nonsense. Collaboration during negotiation is essential for an effective contract, not a hindrance.

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Colton

11 days ago

I agree with Elise, legal requirements do affect contracts

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Angelo

11 days ago

I agree with Lashawnda. The legal environment is a key factor in how contracts are developed and implemented.

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Julio

3 days ago

A) A contract is a tool used by both suppliers and customers, the model and complexity of which generally remains constant

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Lashawnda

18 days ago

Option C is the most accurate. Legal requirements definitely affect the contract language and structure.

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Keva

7 days ago

I agree, legal requirements play a big role in shaping contracts.

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Elise

20 days ago

I think the most accurate statement is C

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