Which of the Following Is the Correct Order of Prioritizing

question 97

Multiple Choice

Which of the following is the correct order of prioritizing the external sources used to interpret the terms of a written contract?

• A) course of dealing, usage of trade, and course of performance
• B) usage of trade, course of performance, and course of dealing
• C) course of performance, course of dealing, and usage of trade
• D) course of dealing, course of performance, and usage of trade

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Definitions:

Short Run

A period in economics where at least one input is fixed and cannot be changed.

Average Variable Costs

The total variable costs divided by the quantity of output produced. It represents the variable cost per unit of output.

Shutting-Down

The process a business undergoes when it ceases operations, often due to financial struggles or strategic decisions.

Short Run

A period during which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in demand or production levels.