Which of the following is a consequence of a low minimum efficient scale?
A. Preventing a firm from utilizing capital equipment fully
B. Necessitating centralized production in a single location or a limited number of locations
C. Preventing a firm from accommodating demands for local responsiveness
D. Increasing the unit cost of products
E. Allowing a firm to hedge against currency risk by manufacturing the same product in several locations
E
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With regard to the form requirements for bills of exchange, the ULB is similar to the common law in that both require the instrument to ________
A. state the place where the instrument was drawn B. state the place where payable C. contain the term "Bill of Exchange" D. be in writing