The Argument That Strategic Planning Is NOT Likely to Be

question 7

Multiple Choice

The argument that strategic planning is NOT likely to be practical due to insufficient information means that

• A) because of trade secrets, the government does not know true cost relationships in any given industry.
• B) if the government had all the relevant information in a given industry then it could decide whether a subsidy would enhance the public's welfare.
• C) even if the government had all the relevant information in a given industry, it still could not decide whether a subsidy would enhance the public's welfare.
• D) due to recent cuts in the Department of the Census' sampling budgets, industry surveys are no longer reliable, so that there is no way to determine if a subsidy is in the public's interest.
• E) the government would need to employ its intelligence agencies in order to gain a complete understanding of the market.

Identify circumstances under which contracts may be considered void, voidable, or unenforceable.

Recognize the legal principles that apply to ambiguous contract terms.

Understand the legal concept of a quasi contract and its application.

Recognize situations where contracts may face challenges in their enforceability due to the nature of the agreement.

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Definitions:

Nucleotide

The basic building block of nucleic acids, such as DNA and RNA, consisting of a sugar, a phosphate group, and a nitrogenous base.

DNA Molecule

The carrier of genetic information in living organisms and viruses, composed of two long strands of nucleotides twisted into a double helix.

Chicken Eggs

Eggs produced by chickens, commonly consumed as food by humans.

Nucleus

The organelle in a cell that houses the DNA and is responsible for controlling the cell's growth, metabolism, and reproduction.