Complete Question:
Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which element of traditional contract law formation was modified or relaxed by the UCC?
a. Requirement of consideration for contract modifications.
b. Offers must have reasonably certain and definite terms to be valid.
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
d. All of the above.
Answer:
The element of traditional contract law formation that was modified or relaxed by the Uniform Commercial Code (UCC) is:
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
Explanation:
The "mirror image rule" specifies that when a contract offer is accepted, the terms must be the same as those in the initial offer. However, Article 2 of the UCC modified this "mirror image rule" by specifying that the offeree's acceptance is based on the offeror's terms unless otherwise specified by the offeree. Any additional terms are regarded as some proposed additions and do not become part of the contract unless both parties are merchants.
Education and improvement check with educational sports within an organization created to beautify the knowledge and competencies of personnel even as providing information and coaching on the way to better perform unique tasks.
There are primary alternatives for supervising employee schooling and development in an agency: with the aid of HR or Operations. usually, education and improvement fall beneath the HR branch. But, within the case of HR-owning employee training and development, there is a hazard of disconnection of schooling from a business.
Offering training and improvement to personnel allows employers to pinpoint the know-how and competencies they want their personnel to have. education and development programs can teach personnel about new skills or offer updates on present abilities to enhance productivity.
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Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.
Answer:
c. $600,000 vs. $528,000.
Explanation:
The computation of the relevant cost of make & buy is given below:
Total relevant cost of making the product is
= (cost per unit - unavoidable fixed cost per unit ) × 20,000 units
= ($34 - $4 ) × 20,000 units
= $600,000.
And, Total relevant cost of buying is
= (cost of buy per unit × 20,000 units ) - Contribution sale of water filtration = ( $28 × 20,000 units ) - ($80,000 - 60% of $80,000)
= $528,000
hence, the option c is correct
