What is the legal effect of a condition precedent?
a. It prevents a contract from being created if a particular condition is not met
b. It relieves a party from performing a contract if a particular condition is not met before the date that the contract was supposed to start
c. It is a term that, if breached, entitles the other party to cancel the contract
d. It permits a party to limit liability for damages
e. If there is a dispute between the parties, it ensures that oral terms of the contract are given effect
Ans: b. It relieves a party from performing a contract if a particular condition is not met before the date that the contract was supposed to start
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Which one of the following is a plausible example of national states’ still having control over globalization?
a. Poor nations have effectively resisted globalization by constantly refusing to reduce tax, occupational health and safety, industrial relations, and environmental barriers and regulations expected by global firms b. Digitalization drives globalization, making digital data easily available anywhere in the world, but national laws limit its reproduction c. Nation states now actively avoid globalization by refusing to trade beyond their own national boundaries, thus rendering global firms useless d. All of the above
Habetts, a company that sells cell phone accessories, introduced a new range of cell phone covers in various patterns that read the following: "I don't drink and drive because I love my family." Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Idea marketing
Commercial paper sells at a discount and repays the face value with interest within 270 days
Indicate whether the statement is true or false.
True or False Raw data are converted to frequency distributions and visual displays that provide us with a "big picture" of the information collected
Indicate whether the statement is true or false