Proponents of liberal markets want to limit the role of ______ as a strategic decision-maker and let the _____ decide.
a. Government/markets
b. People/government
c. Markets/people
d. Institutions/local communities
a. Government/markets
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Financial analysis only refers to the communication of relevant financial information to decision makers.
Answer the following statement true (T) or false (F)
Convenience products usually are distributed intensively because sales of these products tend to have a direct relationship to availability.
Answer the following statement true (T) or false (F)
Implied ratification usually occurs when:
a. the principal refuses to accept the benefits of the agreement b. the principal accepts the benefits of the agreement c. the agent accepts the benefits of the agreement d. a court processes the power of attorney e. none of the other choices are correct
Cey Corp entered into a contract to sell parts to Deck, Ltd. The contract provided that the goods would be shipped "FOB Cey's warehouse.". Cey shipped parts different from those specified in the contract. Deck rejected the parts. A few hours after Deck informed Cey that the parts were rejected, they were destroyed by fire in Deck's warehouse. Cey believed that the parts were conforming to the
contract. Which of the following statements is correct? a. Regardless of whether the parts were conforming, Deck will bear the loss because the contract was a shipment contract. b. If the parts were nonconforming, Deck had the right to reject them, but the risk of loss remains with Deck until Cey takes possession of the parts. c. If the parts were conforming, risk of loss does not pass to Deck until a reasonable period of time after they are delivered to Deck. d. If the parts were nonconforming, Cey will bear the risk of loss, even though the contract was a shipment contract.