Which of the following statements is true of the Uniform Commercial Code (UCC)?
A. It always imposes the same standards on merchants and nonmerchants.
B. It regards everyone covered by the UCC as a merchant.
C. It has no writing requirement unless the contract contains a provision requiring that modifications for terminations be in writing.
D. It expressly recognizes the concept of an unconscionable contract.
Answer: D
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In the country of Aargh, in the equation for TFP, Y = A×Ka×L1?a,the coefficient is a = 0.2. The capital stock is growing 6 percent per year, employment is growing 1 percent per year, and output is growing 4 percent per year. In the country of Blargh, the coefficient is a = 0.25, the capital stock is growing 10 percent per year, employment is growing 2 percent per year, and output is growing 5 percent per year. In which country is TFP growing the fastest? In which country is output per worker growing the fastest? Explain your answer and show all your calculations.
What will be an ideal response?
During which stage of the organizational design process would one ensure that the new structure is functioning well?
a. Setting the scene b. Understanding the business climate c. Evaluating the design d. Transforming the design
Express contracts and implied in fact contracts:
a. are both genuine contracts. b. are equally enforceable. c. are not really contracts. d. Two of these are true.
The profit a seller makes at auction is a function of all of the following except:
A. initial pricing. B. auction length. C. the number of units for auction. D. watch lists.