Rocky and Slim enter into a contract for a sale of five rowboats. Circumstances make it difficult for Rocky to perform, and the contract is breached. Slim looks for remedies. Unlike the common law, under the UCC, remedies are
A. cumulative.
B. exclusive.
C. limited.
D. unlimited.
Answer: A
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Compound interest is
A) calculated by multiplying the principal times the rate times the period of time. B) interest on the original principal plus any past unpaid accrued interest to date. C) interest on the original principal paid or received. D) interest on any past unpaid interest accrued to date.
Which of the following statements is incorrect?
A) The life cycle of a plant asset includes: acquisition, usage, and disposal. B) Depreciation is recorded on all plant assets. C) Plant assets not currently being used in business operations are classified as long-term investments. D) Plant assets are long-lived tangible assets used in the operations of a business.
Answer the following statement(s) true (T) or false (F)
1. Organizations should contribute to local communities if in return they are deriving profits from local institutions. 2. The focus on diversity in the global business today is due to civil right legislation and from business initiated affirmative action plans.
External communication includes sharing ideas and messages with superiors, coworkers, and subordinates
Indicate whether the statement is true or false