In a product-oriented layout, what is the process of deciding how to assign tasks to workstations?

All of the following conditions must be met to form a binding property insurance contract EXCEPT:

(a) contract must be in writing (b) exchange of consideration (c) competent parties (d) offer and acceptance

Almost all companies use the conventional percentage-of-sales figure while budgeting for new product development

Indicate whether the statement is true or false