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Author Question: Contracts are: a. are command-based systems in which prices usually play a relatively small role. ... (Read 58 times)

K@

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


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K@

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Reply #2 on: Jun 30, 2018
Correct answers!


SeanoH09

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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