A minor who enters into a contract for necessaries may disaffirm the contract but remains liable for the reasonable value of the goods.?
Indicate whether the statement is true or false
True
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Carrying too much inventory can lead to all of the following except?
a. Plant shutdowns b. Inventory write-downs c. Excess inventory carrying costs d. Storage problems
Which of the following is true of the universal functions of marketing?
A. Responsibility for performing them cannot be shifted or shared. B. Not every firm must perform all of the marketing functions. C. All goods and services require all the functions at every level of their production. D. They may not be required in all macro-marketing systems.
Cross sourcing is a strategy in which two suppliers are used for the same purchased product or service
Indicate whether the statement is true or false.
The Uniform Foreign Money Judgments Recognition Act provides that U.S. courts will recognize foreign judgments provided certain conditions are met. Which of the following is NOT one of those conditions?
A. The defendant was given notice and an opportunity to appear. B. The award was based on a full and fair trial by an impartial tribunal with proper jurisdiction. C. The judgment was not fraudulent or against public policy. D. The case was heard in an American court.