Which of the following statements about various types of surety bonds is true?
A) A judicial bond guarantees that a public official will faithfully perform his or her duties for the protection of the public.
B) A payment bond guarantees that the bonded person will appear in court.
C) A license and permit bond guarantees that the bonded party will comply with all the laws and regulations governing his or her activities.
D) A bid bond guarantees that the principal will complete a construction project on time.
Answer: C
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What non-legal barrier to imitation involves control over the operation and compatibility of a product or service?
a. controlling key resources b. obtaining architectural control c. moving up the learning curve d. exploiting first mover advantage
Mischka owns a regional chain of jewelry stores and has been a huge fan of America since he left the former Soviet Union. He says that people have so many basic rights under capitalism, and it's even protected in the U.S. Constitution
Which specific right is Mischka referring to? A) the right to free choice B) the right to compete C) the right to own property D) the right to make and keep profits E) the right to file lawsuits