Author Question: Contracts are: a. are command-based systems in which prices usually play a relatively small role. ... (Read 92 times)

K@

  • Hero Member
  • *****
  • Posts: 608
Contracts are:
 a. are command-based systems in which prices usually play a relatively small role.
  b. a set of promises intended to create economic value and enforceableby a court or some other agency, such as an arbitrator.
 c. are a mode of governance that facilitate the purchase and sale of standardized goods or services, often in repeated transactions.
  d. economic institutions that can greatly ease the process by which a transaction moves from proposal to commitment.

Question 2

Overhead costs are identical to fixed costs.
 a. True
  b. False
  Indicate whether the statement is true or false



SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library