Suppose You Own a Courier Service and You Use Two

question 27

Multiple Choice

Suppose you own a courier service and you use two types of delivery vehicles - Model A,which costs to purchase,and Model B,which costs $50 000 to purchase.You have a budget of for the purchase of new vehicles.If you were to draw a budget line to illustrate the choice between Model A and Model B vehicles,with A on the vertical axis and B on the horizontal axis,the vertical intercept and the horizontal intercept,respectively,would be

• A)10 and 10.
• B)6 and 6.
• C)0 and 10.
• D)0 and 0.
• E)10 and 6.

Recognize the rights and enforceability of third-party beneficiaries in a contract.

Comprehend the concept of privity of contract and its implications on contractual rights.

Distinguish between donee, creditor, and incidental beneficiaries in the context of contract law.

Identify conditions under which certain contractual rights cannot be assigned.

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Definitions:

Expectancy

The belief or anticipation regarding the outcome of one's efforts, which can significantly influence motivation and behavior.

Publicly

Pertains to anything done or existing in open view, accessible to all members of the community or targeted audience, often under public scrutiny.

Discomfort

A feeling of physical or emotional unease or discomfort, often leading to avoidance behavior or a desire for change.

Affiliation

The relationship or connection one has with a group, organization, or institution, often indicating a sense of belonging or mutual association.