The ________ addresses the roles of the community, region, nation, and world in a business.
A. business analysis
B. environmental analysis
C. industry analysis
D. proof of market
Answer: B
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What is "course of dealing" when interpreting the express terms of a written statement?
A) the previous conduct of the parties regarding the contract in question B) the conduct of the parties in prior transactions and contracts C) the conduct of contractual parties with parties not involved in the contract D) any practice of dealing that is regularly observed or adhered to in an industry
Guidelines for effective meetings include
a. limiting meeting length and frequency. b. eliminating conflict. c. preparing an agenda immediately following each meeting. d. seeking unanimous agreement on all important issues.
A sales representative called on the Smiths at their home to sell them frozen food (steaks, chicken and veal) along with a small freezer for $1000 . After a very persuasive sales pitch, the Smiths agreed. Two days later they regretted their decision, contacted the company, and stated that they had decided to rescind the contract and return the food and the freezer. May they?
a. No, it was an in-home sale and not unsolicited merchandise. b. No, they executed a contract. c. No, the Smiths have title to the food and the freezer. d. Yes, the three-day in-home sales rule of the FTC allows the Smiths to rescind the contract.
In a decision tree, a square node represents a ______.
A. decision point B. state of nature C. consequence D. payoff