Black box design works best when:

A) the manufacturer is the expert.
B) the supplier is the expert.
C) the design is innovative.
D) the product is simply being redesigned, not newly developed.

Answer: B

Business

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If inflation is expected to steadily decrease in the future, the term structure of interest rates will most likely be:

A. upward sloping. B. flat. C. humped. D. downward sloping. E. double-humped.

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Which of the following may be a reason the court will add an implied term to a contract?

A) The parol evidence rule B) The original term was unclear and this would add clarity to the contract C) It was a term usually used in the industry so it needed to be added D) The term was so obvious the two sides would have easily agreed to it when the contact was made E) Once a contract is formed no new terms can be added

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