Tom Is a Supplier of Widgets and John Is a Retailer

question 7

Multiple Choice

Tom is a supplier of widgets and John is a retailer of widgets.John wants to purchase widgets from Tom for his business and they both agree verbally to a contract.Which of the following is likely to be an express term of the contract?

• A)The price of the widgets which Tom stipulated and John agreed to in the course of negotiations.
• B)The requirement that the widgets be of 'merchantable quality'.
• C)The requirement that both parties act in good faith.
• D)The requirement that the widgets be packaged according to usual industry practice.

Grasp the key concepts of job characteristics theory, including critical job dimensions and psychological states.

Understand the concept and significance of extrinsic and intrinsic rewards in the workplace.

Grasp the principles and implications of merit pay and performance-related pay systems.

Recognize the characteristics, advantages, and disadvantages of skill-based pay.

---

Definitions:

Explicit Memory

The conscious recollection of information, such as facts and events, which can be verbally communicated.

Knit

The craft of creating fabric or textile by interlocking loops of yarn using needles.

Procedural Memory

A type of long-term memory involved in the unconscious memory of skills and how to perform certain tasks.

Skiing

A winter sport involving the movement over snow with the help of skis attached to each foot.