According to the Uniform Commercial Code Section 2-207, which of the following is true with regard to non-merchants dealing with the sale of goods?
A) A counteroffer by the offeree does not constitute a rejection, and the additional term added by the offeree will automatically become part of the contract.
B) A counteroffer by the offeree does not constitute a rejection, but the additional term added by the offeree will not become part of the contract.
C) A counteroffer terminates the negotiation and triggers the terms of the Restatement of the Law of Contracts.
D) A counteroffer constitutes a rejection of the original offer, but the parties may continue to negotiate the contract terms.
B
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A purchase of merchandise for $100 with a trade discount of 5% would require a debit to purchases of:
a. $100. b. $105. c. $95. d. none of the above.
Choose the incorrect matching of performance measure to performance category.
a. Current ratio ? Financial b. Net profit margin ? Financial c. Complaint resolution time ? Ethics/sustainability d. Percent of suppliers ISO 14000 certified ? Ethics/sustainability
A corporation must have a registered agent within the state of incorporation only if the corporation maintains an office in that state
a. True b. False Indicate whether the statement is true or false
Which of the following statements about entrepreneurial marketing is not true?
a. In entrepreneurial marketing, customers actively define the product. b. In entrepreneurial marketing, actions are constrained by resources currently controlled. c. In entrepreneurial marketing, marketers seek sustainable advantage through value-creating innovation. d. In terms of risk perspective, entrepreneurial marketers seek ways to mitigate, stage, or share risks.