Distinguish between horizontal competition agreements and vertical competition agreements
What will be an ideal response?
Horizontal competition agreements are agreements between competitors that have the effect of diminishing competition. Vertical competition agreements are agreements between sellers and buyers.
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Your friend offers to pay you an annuity of $2,500 at the end of each year for 3 years in return for cash today. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
A. $5,493.71 B. $5,782.85 C. $6,087.21 D. $6,407.59 E. $6,744.83
Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own products and maintains its own production equipment. Although they share a common facility, each department is overseen by a separate supervisor. Which one of the following costs is a direct cost of each department?
A. Production supervisor salary B. Lease payment on facility C. Plant manager salary D. Depreciation on the facility
Conservative fields typically use _____ style reports
A) manuscript B) white papers C) direct D) infographic E) indirect
A retailer ordered some inventory by phone from a manufacturer. The order was for 1,000
machines from the manufacturer's inventory at $300 each. The manufacturer sent the retailer a fax moments later detailing the order. The retailer looked at the fax and was satisfied that it stated the terms of the contract, but never responded in any way. When the goods were delivered on time a month later, the retailer refused to accept them, asserting that the contract was unenforceable. Which is true? A) The contract is enforceable under the written confirmation rule. B) No writing is needed because of one of the exceptions to the Statute of Frauds. C) The contract is enforceable because it would be unconscionable to not enforce it. D) The contract is unenforceable because the retailer has not signed a writing. E) Because the fax was not responded to, this was an accommodation shipment.