In a _____, a market rarely remains the domain of one organization for long; thus, competition ensues almost immediately.
A. planned economy
B. mixed society
C. free-enterprise society
D. command economy
Answer: C
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Which of the following statements is true?
a. In order for a check to be negotiable, the drawee must be named in the instrument. b. A check is a type of draft. c. A check is a popular form of negotiable instrument. d. All of these.
If an employee is subject to severe harassment, and quits his position to escape it, the court will likely rule:
a. that because he quit, no tangible employment action can be proven b. that the quit is a constructive discharge, which constitutes a tangible employment action if it results from a demotion or pay cut c. that a hostile environment is presumed, but that the employee waived the right to sue when he left d. none of these
Willingness by the buyer to become the owner of the goods tendered or delivered to him by the seller is:
A) rejection. B) acceptance. C) revocation. D) tender.
The rule of caveat emptor meant that if there was no privity between a producer and an injured consumer, the consumer had no case against the producer
a. True b. False Indicate whether the statement is true or false