Congress adopted the UCC in the early 1950's to facilitate trade and reduce the confusion caused by different common law rules in different states
a. True
b. False
Indicate whether the statement is true or false
False
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The book gives an example of the Clif Bar organization having the expectation that employees will adopt an eco-friendly and healthy lifestyle. The expectation is reflected in business practices and is resistant to change. This is an example of a(n) ______.
a. artifact b. value c. assumption d. contextual element
Of the three parties involved in the distribution process, ________ are responsible for receiving the distributed goods
A) shippers B) brokers C) agents D) carriers E) consignees
The plural possessive of boss is ________
A) bosses B) bosses' C) boss's
A collection period equals _____
a. [(accounts receivable)/(net sales)] x 365 b. (accounts receivable)/(net sales) c. [(current assets)/net sales)] x 365 d. [(cash) + (accounts receivable)/(net sales)] x 365