Which Three of the Following Economies of Scale Enable Intermediaries

question 1

Multiple Choice

Which three of the following economies of scale enable intermediaries to transform assets effectively?

• A) Risk spreading.
• B) Efficiencies in gathering information.
• C) Lower transaction costs.
• D) Low customer numbers.

Evaluate the effectiveness of comparing incomes in assessing well-being.

Understand the concept and implications of misrepresentation in contracts.

Distinguish between different types of misrepresentation (fraudulent, negligent, and innocent) and understand the remedies available.

Recognize and differentiate between duress, undue influence, and non est factum in contract law.

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Definitions:

Authorization Cards

Documents used in labor organizing that employees sign to indicate their desire for a union to represent them in collective bargaining.

Union Organizers

Individuals or groups involved in recruiting workers to join or form a labor union to negotiate collectively with their employers for better terms of employment.

Knights of Labor

A 19th-century labor organization in the United States that sought to promote the social and cultural uplift of the workingman, and aimed for an 8-hour workday.

Craft Unions

Labor unions representing workers who have specialized skills or crafts, focusing on improving their members' employment conditions.