People lacking mental capacity are liable for the __________ value of necessaries __________ minors.
a. fair market; on the same basis but not for the same reasons as
b. resale; like
c. contract; unlike
d. reasonable; on the same basis and for the same reasons as
d. reasonable; on the same basis and for the same reasons as
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Prices are set by the competitive market when
a) there are no other producers capable of manufacturing a similar item. b) a company can effectively differentiate its product from others. c) a product is not easily distinguished from competing products. d) the product is specially made for a customer.
Which of the following is true of shipping goods via water transportation?
A) Water transportation is an efficient way to ship perishable merchandise over long distances. B) Water carriers are highly flexible in their routing and time schedules. C) Water transportation provides in-transit services, such as the processing of goods en route. D) Water transportation is ideal when time is short and speed is needed. E) Water transportation is the slowest mode of transportation and the most affected by the weather.