Which of the following is an example of a contract that would be governed by Article 2 of the Uniform Commercial Code (UCC)?
A) Bill agrees to sell his farm to Sam for $200,000.
B) Chantelle agrees to work for Jenna as her personal secretary for $50 an hour for the next year.
C) Dwayne buys a used car from Tom's Autos for $7,000.
D) Carlo leases a car for a year from EZ Cars for $2,000 per month.
C
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An agreement between retailers that are in direct competition with each other to set the same prices is called
A. MSRP pricing. B. price elasticity. C. predatory pricing. D. horizontal price fixing. E. vertical price fixing.
Heston and Burton, CPAs, currently work a five-day week. They estimate that net income for the firm would increase by $45,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day work week is an example of:
A) differential revenue B) sunk cost C) differential income D) opportunity cost
One of the reasons that Internet advertising is not appealing in an international setting is that most Internet users are poor and difficult to reach.
Answer the following statement true (T) or false (F)
Which statement below is not a reason why expatriates fail to complete the duration of their stay in a different country?
a. Autonomy b. Higher degree of responsibility c. Family stress d. Inability to adjust to cultural or language differences