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Fiesta28 [93]
3 years ago
9

In the past six months, Supplier has made late deliveries to many customers and a good portion of the goods delivered have been

defective. Buyer is worried that an important scheduled delivery will be late or nonconforming. Buyer sends a written request to Supplier asking for confirmation that the contract terms will be met. If Supplier does not respond to Buyer's written request within ______, Buyer is entitled to assume that Supplier has repudiated the contract and may purchase the goods from another seller.
a. ten days
b. thirty days
c. three months
d. six months
Business
1 answer:
geniusboy [140]3 years ago
3 0

Answer:

The correct answer is letter "B": thirty days.

Explanation:

Anticipatory Breach or Repudiation is the notification one party in a contract lets the other party know that the obligations stipulated in the initial agreement will not be met.  

According to the rules if the Uniform Commercial Code (UCC), if one of the parties has good enough reasons to believe that the other party is not going to fulfill its obligations in a contract, that party can request an "<em>adequate assurance of performance</em>". If the request is not answered after 30 days, the requesting party can assume the counterparty has repudiated the contract, thus, the requesting party can look for another provider to make a new agreement.

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"In the context of goal-setting theory, _____ is information about the quality or quantity of past performance and indicates whe
Bad White [126]

Answer: performance feedback

Explanation: Feedback on performance is a process of communication. It should be continuous as improvements are made on the basis of information exchanged between the manager and the subordinates. Regular follow-up dialogue should be in place to determine success.

Feedback is structured to see where things go right and where they go wrong. This suggests that leaders may need to be vigilant while they develop new behaviors and conquer the learning curves of new skills.

6 0
3 years ago
Which expense category will most likely be changed to allow money for the purchase of a car?
Ivan
<h2>Reducing the "Entertainment " will hold good for the given scenario</h2>

Explanation:

There things which a man needs like food, water, shelter, etc.

Savings : This aspect is necessary for helping us in crucial point. It can serve as an another hand on demand.

Groceries : This is most important component of every men and women for living. So it cannot be reduced.

Utilities : This is equally important.

Entertainment : This shows luxurious aspect and not a mandatory one. So the amount spent in this category should be reduced.

7 0
3 years ago
Purchases of inventories by A) households and Firms are also counted in investment spending. B) foreign consumers are counter in
Iteru [2.4K]

Answer:

The answer is C.

Explanation:

Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.

In calculating, GDP, we have expenditure approach, income approach and value-added approach.

In this question, the expenditure approach will be used to explain the answer to this question.

To calculate GDP using expenditure approach, the formula is:

C + I + G + (X-M)

where C is the consumers' spending

I is the investment spending

G is government spending

X is the exports

M is the imports.

The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.

Households buying inventories(finished goods) is part of consumers' spending and not investment spending.

6 0
3 years ago
Classify the following topics as relating to microeconomics or macroeconomics.
alexandr1967 [171]

Answer and Explanation:

Microeconomics is the study of the individual regarding the decision related to market demand and supply

While the macroeconomics would deals with the country like gross domestic product, national income etc

Based on this, the classification is as follows:

1. Microeconomics

2. Macroeconomics

3. Microeconomics

4. Microeconomics

5. Microeconomics

3 0
2 years ago
Who must make the determination to cancel an invitation for bids after bid opening?
Maksim231197 [3]

Answer to this Question is A): Contracting Officer

Explanation:

Contracting officer can cancel an invitation for bids after the formal bid opening. He can do it certainly, but after following a mentioned criteria. To fulfill that criteria he must make the determinations in writing which are required by the rules. (FAR - section 14 followed in 404 paragraph 1 (C) and next (e) 1. This is the only option left with the contracting officer when the bids have opened on the announced date. Furthermore, bid can still be cancelled if the offer has been received.

5 0
3 years ago
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