Which of the Following Was Designed to Simplify and Standardize

question 164

Multiple Choice

Which of the following was designed to simplify and standardize the laws affecting businesses involved in interstate trade?

• A) common law
• B) statutory law
• C) the standardized commerce rules
• D) the Uniform Commercial Code

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Definitions:

Proprietary Parts

Custom-made components for products or machines that are designed to be replaceable only with specific parts made by the same manufacturer, often to maintain control over repairs and replacements.

Trade Secrets

Legal and business concept protecting confidential business information which provides a competitive edge.

Interchangeable Parts

Components that are made to such precise standards that they can fit into any assembly of the same type, improving efficiency and repair.

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.