What occurs when there is an overabundance of available goods and people don't have enough money to buy them?
A) inflation
B) contraction
C) disinflation
D) deflation
E) depression
Answer: D
Explanation: D) With too few dollars chasing too many goods, producers reduce prices to sell them. Deflation is a general decline in prices of most goods and services.
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Seattle Paint Company developed a new exterior house paint that can be properly applied even
in the rain. How can this formula be protected without filing for a patent? A) If the company takes all reasonable steps to avoid discovery of the secret, it can be protected against some, but not all methods of discovery of the secret. B) By registering a trademark for the product specifying that the product is distinctive C) By putting a notice on the cans of paint that the formula is a protected trade secret D) Without a patent, no protection is available.
An IT firm uses technology to prevent fraudulent practices. Employees are required to provide fingerprints to gain access to restricted areas of the organization. In this scenario, the firm is using:
A. a biometrics system. B. a teleworking system. C. a radio frequency identification tag. D. an applicant-tracking system.
Any relevant material, except information stored electronically, can be the object of a discovery request
a. True b. False Indicate whether the statement is true or false
Arbitration:
a. is commonly used in commercial and labor management disputes. b. includes motions for a new trial and a motion for judgment notwithstanding the verdict. c. is a formal decision by the jury on questions submitted to it. d. determines whether the trial court committed prejudicial error.