Offshoring Entails

question 184

Multiple Choice

Offshoring entails:

• A)being controlled by a board of directors.
• B)sourcing parts outside of the country.
• C)having a limited life.
• D)assigning various functions to outside organizations.

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Definitions:

Good Faith

Acting with honesty and integrity in dealings, without intending to deceive or commit fraud.

UCC

Comprehensive legal guidelines for all commercial transactions in the United States are established by the Uniform Commercial Code.

Proper Reject

In the context of contracts or sales, a proper reject refers to the legitimate refusal to accept goods or services because they do not meet the agreed-upon specifications or standards.

Perfect Tender Rule

A principle in commercial law requiring goods delivered under a sales contract to exactly meet the terms of the agreement.