Under Article 2 of the UCC, a Firm Offer Will

question 1

Multiple Choice

Under Article 2 of the UCC, a firm offer will be created only if the

• A) offer states the time period during which it will remain open.
• B) offer is made by a merchant in a signed writing.
• C) offeree gives some form of consideration.
• D) offeree is a merchant.

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Definitions:

Bureaucratic Ritualism

Involves bureaucrats getting so preoccupied with rules and regulations that they make it difficult for the organization to fulfill its goals.

Dehumanization

Occurs when bureaucracies treat clients as standard cases and personnel as cogs in a giant machine. This treatment frustrates clients and lowers worker morale.

Bureaucracies

Complex organizational structures with fixed rules, a hierarchy of authority, and a full-time administrative staff, designed to coordinate and control the work of many individuals.

Bureaucratic Inertia

Refers to the tendency of large, rigid bureaucracies to continue their policies even when their clients' needs change.