An electronic agent allows for the contracting for the sale and lease of goods over the internet, using websites to order or lease goods.

Answer the following statement true (T) or false (F)


True

Business

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If Smith and Wesson attempted to sell handguns directly to a distributor in another country and that country wanted to protect their domestic firearms industry by preventing all imports of Smith and Wesson products, they would most likely be stopped by a(n) ______.

a. embargo b. quota c. subsidy d. tariff

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One of the most significant changes in EEO law under the Civil Rights Act of 1991 is:

A. nonprofits and government institutions became covered entities B. inclusion of Asians and Hispanics as protected groups C. the addition of compensatory and punitive damage awards D. limiting damage awards to “actual damages” E. inclusion of coverage for special conditions such as substance abuse

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Explain why it is desirable for a firm to have manufacturing flexibility. Give at least one example (from the textbook or elsewhere) of a firm relying on its flexibility.

What will be an ideal response?

Business

What type of clause in an insurance policy states that the insurer will pay for a covered loss only

to the extent that it exceeds a certain stated amount that the insured pays toward that loss? A) Subrogation clause B) Deductible clause C) Endorsement clause D) Coinsurance clause E) Indemnity clause

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