Which of the Following Statements Best Describes a Good

question 145

Multiple Choice

Which of the following statements best describes a good?

• A)Goods are physical objects.
• B)Goods are the only currency that can be used in an exchange.
• C)Goods are intangible concepts and thoughts about ideas or causes.
• D)Goods are the benefits organizations receive for selling products and services.
• E)Goods can be either tangible or intangible.

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Definitions:

Procedural Unconscionability

A situation where the terms of a contract are unfair or oppressive because of the process involved in the agreement formation, including lack of negotiation power or misleading terms.

Fine Print

Small, difficult to read text in contracts or advertisements that often contains important information about limitations, exclusions, or conditions.

Legislative Rules

Regulations and guidelines established by legislatures that govern the process and conduct of legislative bodies.

Public Policy

Principles and standards deemed by the judiciary to be of fundamental concern to the state and the whole of society.