Unless One of the Parties Contractually Assumes the Risk, the __________

question 68

Multiple Choice

Unless one of the parties contractually assumes the risk, the __________ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible.

• A) bankruptcy law
• B) frustration of purpose doctrine
• C) perfect tender rule
• D) impossibility of performance doctrine

Calculate the marginal resource cost in a labor market situation.

Grasp the implications of wage differentials and their relation to human capital and productivity.

Evaluate the effect of nominal and real wage changes on workers' purchasing power.

Identify and explain different union strategies to influence wages and labor market conditions.

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Definitions:

Assumptive Close

A sales technique in which the salesperson assumes that the customer has already decided to purchase and moves forward with steps to complete the sale.

Prospect

A qualified person or organization that has the potential to buy a salesperson’s good or service.

Alternative-Choice Close

A sales technique where the salesperson presents multiple options to the prospect, assuming a sale in any case rather than asking for a yes or no answer.

Assumptive Close

An Assumptive Close is a sales technique where the salesperson assumes that the customer has decided to purchase, moving towards finalizing the sale without explicitly asking for it.