The UCC's requirement of good faith in the performance and enforcement of every contract imposes
a. a greater duty on merchants than consumers.
b. a greater duty on consumers than merchants.
c. the same duty on both consumers and merchants.
d. a greater duty on parties to a sales contract with the purchase price over $500.
a
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Under the common law an offeror may revoke an offer:
A) At any time. B) After the offeree has rejected the offer. C) After the offeree has accepted the offer. D) Prior to the acceptance of the offer.
If an investor's holding period is longer than the term to maturity of a bond, he or she is exposed to
A) interest-rate risk. B) reinvestment risk. C) bond-market risk. D) yield-to-maturity risk.
Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000, and actual labor hours were 21,000. The amount debited to the Manufacturing Overhead account would be:
A. $215,000. B. $200,000. C. $210,000. D. $225,750.
In the context of an ethical decision-making process, discuss the importance of communication in implementing a change