Consider a scenario in which there are four manufacturers, no intermediaries, and three consumers. Twelve transactions would be required for each consumer to receive products from each manufacturer. The introduction of one intermediary reduces the required number of transactions to four and demonstrates the idea of contact efficiency.
Answer the following statement true (T) or false (F)
False
Introducing one intermediary reduces the required number of transactions to seven. See Exhibit 13.1.
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In a company that wants to prevent a union from organizing its workers, the human resource department should encourage supervisors to promise employees that they will receive an extra day off if they don't support the unionization effort.
Answer the following statement true (T) or false (F)
A person with a high degree of self-management can readily
A) react with appropriate anger to situations. B) develop passion about the work he or she is performing. C) respond to the unspoken feelings of others. D) understand his or her own moods.
Quixotic Company claims to be a corporation but it is not. Rachel signs a contract with Quixotic that is not performed. In Rachel's suit against Quixotic, a court will likely recognize the firm as
A. a corporation by estoppel. B. a de facto corporation. C. a de jure corporation. D. an ultra vires corporation.
Defects in goods are cured when the goods are repaired, replaced, or discounted in price by the seller
Indicate whether the statement is true or false