An agreement between two or more parties that creates enforceable rights or obligations. Contracts can be written, oral, or implied from customary business practice.

___________ are understood to be the actual processes employed, which, when combined with the utilization of the organization's capital assets, enable strategic outcomes to be actualized.

A. Systems B. Tactics C. Processes D. Operations E. Controls

With which of the following are rental payments guaranteed to increase during the term of lease?

A. Escalator lease B. Step-up lease C. Index lease D. None of the answers are correct.