Standard Form Consumer Contracts Must Not Include Unfair Terms

question 22

Multiple Choice

Standard form consumer contracts must not include unfair terms.Which of the following terms are likely to be classified as unfair?

• A)A term that gives a supplier the right to change the types of goods it has agreed to supply.
• B)Terms that impose penalties on the consumer for contractual breaches but exclude penalties for breaches by the supplier.
• C)A term that excludes the supplier from paying compensation if goods are not delivered on time bya courier service.
• D)All of the above.
• E)A and B above only.

Understand the role of capital and labor in influencing the total and marginal product curves.

Interpret graphical representations of production functions such as total product and marginal product curves.

Apply the concepts of production and productivity to real-world business decisions.

Recognize the impact of adding labor on total and marginal product in different production scenarios.

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Definitions:

Competitive Factors

Elements that determine a company's competitive advantage or disadvantage in the market, such as product quality, price, and customer service.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

Subjective Feel

An individual's personal and emotional response or perception towards something.