Which of the following is NOT true with regard to the interpretation of contracts?
a. The person who drafts the contract has the right, supported by case law, to interpret the contract against the other party.
b. Technical terms will always be given technical meaning even where one party to the contract is ignorant of the technical meaning.
c. All writings that are part of the same transaction are interpreted together.
d. Handwritten or typed terms are given greater weight than printed terms.
a
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If you were a marketer who wanted to sell your product to very specific segments, what kind of general merchandise retailer would you select? Why would this be an advantage?
What will be an ideal response?
Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 common size percentages for cost of goods sold using Net sales as the base. 20182017Net sales$276,200 $231,400 Cost of goods sold 151,900 129,590 Operating expenses 55,240 53,240 Net earnings 27,820 19,820
A. 36.4% for 2018 and 41.1% for 2017. B. 55.0% for 2018 and 56.0% for 2017. C. 117.2% for 2018 and 100.0% for 2017. D. 119.4% for 2018 and 100.0% for 2017. E. 65.1% for 2018 and 56.0% for 2017.
A Boeing factory in Everett, Washington, manufactures 787 Dreamliner jet aircrafts. What type of layout is most likely in this factory?
A. Output B. Fixed-position C. Product D. Process E. Cell-rotation
A study on ethical practices in purchasing found that smaller firms frequently make agreements with other organizations to purchase one another's products. This practice is referred to as
A. reciprocity. B. strategic alliances. C. tying arrangements. D. exclusive dealing. E. supply partnerships.