UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally. Which of the following is NOT one of these rules?
A) The parties may make a contract in any manner sufficient to show that they reached an agreement.
B) A writing sufficient under the statute of frauds may be a simple memo, a letter, or informal note, but need not itself be a contract.
C) The UCC will enforce a deal even though it is difficult to say exactly when it was formed.
D) A court may enforce a bargain even though one or more terms were left open.
B
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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$226,000 Merchandise inventory, January 1 54,800 Merchandise inventory, December 31 57,400 Accounts payable, January 1 54,400 Accounts payable, December 31 59,800
A. $228,800. B. $234,000. C. $223,200. D. $220,000. E. $218,000.
A location model that looks at the problem of serving various demand points from multiple supply points at the lowest cost is the ________
Fill in the blank(s) with the appropriate word(s).
The production facility for ABC Manufacturing is located in a flood plain. Although the risk of flood is low, ABC's risk manager is concerned that a flood could damage the plant and equipment
He received bids on flood insurance from two insurance agents, but decided the cost of coverage was too high relative to the risk. So he did not purchase flood insurance. Which risk management technique is ABC using with respect to the risk of flood? A) active retention B) noninsurance transfer C) passive retention D) avoidance
Which of the following will produce the minimum of all standard prices?
A) Select standard_price from Product_V where Standard_Price = min; B) Select min(standard_price) from Product_V; C) Select Standard_Price from min(Product_V); D) Select min(Standard_Price) from Product_V where Standard_Price = min(Standard_Price);