To Guard Against the Contingency of a Business's Sole Vendor

question 18

Multiple Choice

To guard against the contingency of a business's sole vendor suffering a catastrophe, it is wise for a startup to use one supplier for about _____ to _____ percent of its needs and one or more additional suppliers for the rest and also as backups in case the principal supplier fails.

• A) 40;  50
• B) 50; 60
• C) 60; 70
• D) 70; 80
• E) 25; 35

Grasp the legal consequences of forgery and fraud on the negotiability and enforcement of instruments.

Understand the requirements for and functions of a certificate of deposit.

Comprehend the significance and impact of case law on the interpretation and application of UCC rules regarding negotiable instruments.

Calculate the percent change in price or value in various contexts.

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