Which of the Following Would Increase the Price of Fitness

question 238

Multiple Choice

Which of the following would increase the price of fitness equipment?

• A) a reduction in consumer income
• B) a major study indicating that a 30-minute workout each day improved health more than was previously thought to be the case
• C) a decrease in the price of steel used to produce the equipment
• D) all of the above

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Definitions:

Validity

Refers to the legal effectiveness and enforceability of a contract or legal document.

HDC Status

Refers to Holder in Due Course status, a term in the Uniform Commercial Code that represents a party who has acquired a negotiable instrument under certain conditions that provide protection from defenses and claims that could impair the right to enforce the instrument.

Negotiation

The process whereby parties discuss their differences and attempt to reach a mutually agreeable resolution.

Indorses

Endorses or signs the back of a financial instrument (such as a check) to transfer rights to another party.