Under the Uniform Commercial Code, an agreement modifying a contract
a. always requires consideration.
b. requires consideration only when the sale of goods is involved.
c. may not require consideration.
d. requires consideration only when one of the parties is incompetent.
c
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Answer the following statements true (T) or false (F)
1. Earned value management (EVM) method links the project’s schedule and costs with the work actually completed on it. 2. Planned value of a project is a cost estimate of the resources used across the project’s life cycle. 3. Schedule performance index is the earned value to date divided by the planned value of work scheduled to be performed (EV/PV). 4. Project overhead costs are also known as the “level of effort.” 5. Establishing the project’s baseline requires a time-phased budget for the project.
International trade agreements focus on ______.
A. supply chains B. lowering tariffs C. consistent regulations D. technological improvements
What are the four major factors that influence business buying decisions?
A. Environmental, organizational, interpersonal, and individual B. Environmental, organizational, psychological, and individual C. Environmental, psychological, individual, and technological D. Technological, organizational, environmental, and interpersonal E. Environmental, organizational, technological, and individual
Which of the following is a basic strategy in developing a production plan?
A) hybrid strategy B) production leveling C) chase strategy D) A and B above E) B and C above