In order for the CISG to apply, the following conditions must be met except:
a. parties' places of business are in two different countries.
b. the contract is for the commercial sale of goods.
c. the parties must have designated the CISG as the applicable law.
d. the parties' places of business are located in countries that have ratified the convention.
c
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If it takes $1.5515 to buy 1 pound and $0.6845 to buy 1 franc, then it takes 2.27 francs to buy 1 pound.
a. True b. False
Whizz Corp. wishes to introduce a new hybrid car into mature markets in developed countries with the goal of gaining mass-market share quickly. Which of the following pricing strategies would help the firm meet its goal?
A) market-skimming pricing B) market-penetration pricing C) market-segmentation pricing D) cost-plus pricing E) captive-product pricing
Who has settlement authority in a minitrial?
A) senior executives of the disputing corporations B) the attendant trial court judge C) the attendant appellate court judge D) the minijury
In PERT, three time estimates (optimistic, most likely, and pessimistic) provide an estimate of the mean and variance for each activity, based on the normal distribution
Indicate whether this statement is true or false.