An acceptance of an offer must be unqualified.
a. true
b. false
Answer: a. true
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Elimination of the privity requirement reflected a shift in ________
A) purchases toward only those products that were produced with proper care in design, manufacture, and labeling B) social policy toward placing responsibility for injuries on those who market a product that could foreseeably cause harm if proper care were not taken in the manufacturing process C) social policy toward placing responsibility for injuries on those who purchase a product that has a foreseeable risk D) packaging strategies employed by manufacturers to begin including warnings about the potential danger of the product
Inventories that are built up in advance of a peak selling season, a promotion program or a plant
shut-down are known as: A) lot-size inventories. B) transportation inventories. C) anticipation inventories. D) safety stocks. E) none of the above