Olga enters into a contract to buy a refrigerator from a Prairie States Appliance store with the price to be paid in monthly installments. After thirty-six months of payments, Olga has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract. Refer to Fact Pattern 20-1. Olga files a suit against Prairie States, claiming that their contract is so unfair
and one sided that it would be unreasonable to enforce it. Olga is asserting
A) the concept of good faith.
B) the principle of fair trade.
C) thepredominant-factor test.
D) thedoctrine of unconscionability.
D
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Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in
a. income levels among countries. b. tastes and preferences among countries. c. resource endowments among countries. d. labor productivities among countries.
Answer the following statements true (T) or false (F)
1. A trend analysis would be used if an analyst wants to see how the gross profit of a company has changed from one year to the next. 2. A horizontal analysis would be used if an analyst wants to see how the assets of a company have changed from one year to the next. 3. A vertical analysis of a financial statement reveals the relationship of each statement item to its base amount, which is the 100% figure. 4. A vertical analysis percent is computed by dividing the base amount by the specific item and then multiplying by 100. 5. In a vertical analysis of the income statement, each line item is shown as a percentage of net sales revenue.
Britain was the world's leading manufacturing country for about 1,800 years, until it was replaced by the United States at the end of the 1800s.
Answer the following statement true (T) or false (F)
IBM is a good example of a firm that has shifted from manufacturing intensive operations to service intensive operations
Indicate whether the statement is true or false