A novation is

A) an assignment
B) a new contract
C) a new party added to an existing contract
D) an exception to the privity rule
E) a new term added to a contract


B

Business

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As people in developing countries often prefer to buy in smaller quantities, ________ is one of the most important functions of intermediaries in developing countries and helps perpetuate the long channels of distribution, which are a major obstacle

to the expansion of retailing. A) product adaptation B) breaking bulk C) diversification D) transfer pricing E) dual adaptation

Business

The superiority or excellence of primary operating characteristics of a product best describes

A) durability. B) serviceability. C) performance. D) features.

Business

An example of a point-of-sale (POS) terminal is making a payment at the grocery store and having the system transfer funds from your account to the store's account

Indicate whether the statement is true or false.

Business

When hiring from internal sources, ________ usually plays a greater role in unionized organizations.

A. economic status B. seniority C. merit D. prior performance

Business