Replay Sports Stores and SportsPower Products, Inc, enter into a contract for a sale of trampolines. SportsPower Productsis a merchant who deals in goods of the kind sold. Under the UCC, an implied warranty of merchantability arises
A) automatically
B) only if the buyer asks for such a warranty.
C) only if the seller expresses such a warranty.
D) only in conjunction with lease contracts, not sales contracts.
A
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A(n) ________ does NOT require any permission from the state to be set up.
A) LLC B) partnership C) S Corporation D) C Corporation
In a multiple-product firm, the product that has the highest contribution margin per unit will
a. generate more profit for each $1 of sales than the other products. b. have the highest contribution margin ratio. c. generate the most profit for each unit sold. d. have the lowest variable costs per unit.
The speed of the Internet and the pervasiveness of social media and viral communications mean that people and companies are always ________
A) viewed more favorably in a crisis B) one step away from crisis C) less vulnerable to a crisis D) more glamorous after a crisis
Being in this kind of group confers an illusion of immunity, an “us against the world” view that the group members know better than outsiders even given evidence to the contrary.
What will be an ideal response?