In March, Nena Entered into Several Transactions with Hakeem

question 31

Multiple Choice

In March, Nena entered into several transactions with Hakeem. She borrowed a boat from him and promised that she would fix its engine before she gave it back. She purchased a piece of land from him for $100 000, even though it was really only worth $75 000. She received two bicycles from him as gifts and secretly intended to give him $500 on his next birthday. She paid $250 for his advice regarding her investments. She promised to pay $1000 in June and he promised to deliver a widget to her in July. It is now April. The Sale of Goods Act may apply to the transactions regarding

• A) the widget and the boat, but not the others.
• B) the bicycles and the widget, but not the others.
• C) the land and the investment advice, but not the others.
• D) the boat and the bicycles, but not the others.
• E) the widget, but not the others.

Explain the primary goals and strategies of the American Federation of Labor.

Describe the impact of World War II on labor movements and strikes in the U.S.

Discuss the rise and significance of industrial unionism.

Understand the objectives and methods of the Industrial Workers of the World.

---

Definitions:

Labor Market

A marketplace where workers find paying work, employers find willing workers, and wage rates are determined.

Low Risk Stocks

Shares of companies with a stable performance history, offering lower risk of loss but also potentially lower returns compared to high-risk stocks.

Low Returns

Financial returns from an investment that are below expectations or the market average.

Monopoly Firms

Companies that are the sole providers of a product or service in a market, facing no competition.