In spite of high cost, high-value, low-weight goods like high-fashion clothing and parts for the electronics industry are often shipped long distances by
A. pipeline.
B. rail.
C. truck.
D. air.
E. water.
Answer: D
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In which of the following is an accommodation party primarily liable?
A) guarantee of payment B) guarantee of collection C) guarantee of demand D) guarantee of promise
Dr. Wells purchased a refrigerator for use in storing medications at his office. The refrigerator will be classified as:
a. consumer goods. b. equipment. c. a fixture. d. inventory.
Quinby ordered a snowplow, specifying that it must be suitable for heavy-duty use on country roads. Quinby found the snowplow not at all suitable for this use. The seller of the plow may be held liable for breach of warranty of
a. description. b. quality. c. trade name. d. fitness for a particular purpose.
Organization-sustaining activities are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made.
Answer the following statement true (T) or false (F)