Under the Code, a seller tenders goods when
a. He makes the goods available to the buyer
b. He notifies the buyer that the goods are available
c. He cashes the buyers check
d. A and b are both necessary for tender
e. A, b and c are all necessary for tender
Ans: d. A and b are both necessary for tender
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To the extent that a country sells more goods and services abroad than it buys, there will be:
A) a greater demand for its currency. B) a surplus production of goods and services. C) a scarcity of goods and services within the country. D) a need for revaluation of its currency. E) time for fluctuating its currency.
Which of the following is NOT an assumption of cost-volume-profit analysis?
A. Inventory levels will change as production levels vary. B. Managers can classify each cost as either variable or fixed, and mixed costs can be broken down into their variable or fixed component. C. Revenues are linear throughout the relevant range of volume. D. The sales mix remains constant.