A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service.
Answer the following statement true (T) or false (F)
True
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A distributive bargaining situation is often called by one of two other terms. What are those two other terms?
What will be an ideal response?
________ occurs when someone in authority extracts payment under duress
A) Nationalization B) An economic sanction C) Bribery D) Expropriation E) Extortion
All of the following agreements lack consideration except:
A) A promise by an adult not to smoke in exchange for a payment of money. B) A promise that is based on a prior act or performance. C) A promise made out of a sense of moral obligation. D) A contract supported by a promise to refrain from doing an illegal act.
Omni-channel merchants are also referred to as:
A. virtual merchants. B. bricks-and-clicks companies. C. catalog merchants. D. manufacturer-direct firms.