Multiple choice

The term MoU in business means

  1. Merger or Undertaken

  2. Memorandum of Utility

  3. Memorandom of Understanding

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

MoU stands for Memorandum of Understanding, a formal agreement between two or more parties outlining the terms of a relationship or transaction. It's a precursor to a binding contract but still carries significant weight in business, government, and diplomatic contexts. It's not 'Merger or Undertaken' or 'Memorandum of Utility' - those are incorrect expansions.

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