Which of the Following Is True of Additional Terms Being

question 4

Multiple Choice

Which of the following is true of additional terms being added under the UCC?

• A) They are considered to be counteroffers.
• B) The contract is automatically terminated if both the parties are merchants.
• C) It can be added into the contract without the consent of the offeror.
• D) It can be added in a sale that involves one or both parties being a nonmerchant.

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Definitions:

Volume-based Costing

A costing method that allocates overhead expenses based on the volume of goods produced or services provided.

Quantitative Analysis

The use of mathematical and statistical methods to evaluate financial and operational information for decision-making.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore should not influence future business decisions.

Opportunity Costs

The cost of the next best alternative that is foregone when a decision is made.