Management's duty to have a rational business purpose, avoid illegal behavior, and make informed decisions refers to its:
a. duty of care.
b. duty of loyalty.
c. duty of openness.
d. duty of fairness.
a
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A factory supervisor's wages are classified as: Indirect laborFixed manufacturing overheadA)NoNoB)YesYesC)YesNoD)NoYes
A. Choice A B. Choice B C. Choice C D. Choice D
David and George have a contract wherein George agrees to buy sporting goods and equipment. Since the goods are not to be delivered for several months, they left the price open. Under the UCC, which of the following will be true?
a. The price will be the reasonable price based on the market value of the goods at the time of delivery or a price established by a neutral party or agency. b. David has the freedom to set any price he wants considering George was foolish enough to enter into a contract without a price established. c. George has the right to establish a price because he is the buyer. David should have taken steps to protect his sales interest. d. None of the above. The contract is not valid because the terms are not definite and certain.
What was the first U.S. antitrust law?
a. The Hart-Scott-Rodino Antitrust Improvements Act b. The Robinson-Patman Act c. The Clayton Act d. The Sherman Act
Describing how a service stands out from its competitors would be what aspect of the marketing mix?
a. product b. price c. promotion d. place