Cotton Brokers, Inc., enters into a contract to sell denim clothing to Delite Natural Fashion store, which in turn sells a pair of jeans to Esmé, a consumer. In comparison to standards that apply to consumers, the UCC imposes on merchants
A. less strict legal standards.
B. special business standards.
C. stricter ethical standards.
D. the same overall standards.
Answer: B
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In calculating interest on a note, it is necessary to take which of the following factors into consideration?
a. the principal b. the maker c. the payee d. the bank
The responsibility for the fixed overhead volume variance should be assigned to:
a. the purchasing manager. b. the production manager. c. the human resource manager. d. the CEO. e. None of the answers are correct.
Labor negotiations are like a theatrical play in all of the following ways except:
A. The lead negotiators are often like actors putting on a show for their audience. B. Experienced lead negotiators often meet with each other in private or "backstage". C. What happens "on stage" at the bargaining table has no real effect on the relationship between union and management. D. The bargaining table and setting for bargaining is like a stage.
A random sample of 100 people was taken. Eighty-five of the people in the sample favored Candidate A. We are interested in determining whether or not the proportion of the population in favor of Candidate A is significantly more than 80%. The test statistic is
a. 0.80 b. 0.05 c. 1.25 d. 2.00