Contracts are governed primarily by:

A) state common law.
B) federal common law.
C) statutory law.
D) federal case law.


A

Business

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Trade credit arises from wholesale or retail sales

Indicate whether the statement is true or false

Business

Utility created when a firm converts raw materials into finished products that are desired by the market is called ________ utility.

A. time B. place C. form D. price E. ownership

Business

How does existing culture impact organizational change efforts?

a. Culture is generally supportive of organizational change b. Since change often flies in the face of culture, it is one of the biggest stumbling blocks of change c. Culture represents a more difficult barrier in poorly performing firms than successful firms d. Culture is simple to alter to new change projects

Business

A company is said to be a direct foreign investor in another country if it:

a. outsources a part of its production to the country due to the availability of cheaper labor. b. exports finished products to that country. c. manufactures products for that country based on contract manufacturing. d. acquires an active ownership of marketing facilities in that country.

Business