Private industrial networks are direct descendants of:
A. e-procurement Net marketplaces.
B. existing EDI networks.
C. independent exchanges.
D. industry consortia.
Answer: B
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Which of the following decreases with increase in number of units sold?
A) Total variable costs B) Total fixed costs C) Unit variable cost D) Unit fixed cost
To pay for a minor repair, May writes a check for $50 to David, who indorses the check in blank and gives it to his sister, Glenda, for her birthday. She indorses the check in blank and gives it to her trash collector to pay her quarterly bill. Which of the following is correct?
a. David made transfer warranties to Glenda and to her trash collector. b. David did not make transfer warranties to Glenda because Glenda gave no consideration for the transfer of the check to her. c. Neither David nor Glenda made any transfer warranties because they indorsed the check with blank indorsements, making the check bearer paper. d. The trash collector must wait until the check is dishonored before making a transfer warranty claim against Glenda.
The purchase of property by two or more persons who have the same interest in the undivided possession of the property and has a right of survivorship is:
a. a life estate b. a joint tenancy c. a tenancy in common d. a fee common e. none of the other choices
If a business is unhappy with an agency sanction resulting from informal procedures it:
a. cannot do anything about it b. can appeal to the Supreme Court c. can seek review, beginning with the agency head d. can request monetary compensation e. none of the other choices are correct