Schedule 2 CRA Contains a List of Indicatively Unfair Terms

question 15

Multiple Choice

Schedule 2 CRA contains a list of indicatively unfair terms. Which of the following from that list is an example of procedural unfairness?

• A) Terms which have the object or effect of requiring any consumer who fails to fulfil his obligation to pay a disproportionately high sum in compensation (Para 6).
• B) Terms which have the object or effect of irrevocably binding the consumer to terms with which he had no real opportunity of becoming acquainted before the conclusion of the contract (Para 10).
• C) Terms which have the object or effect of giving the seller or supplier the right to determine whether the goods or services supplied are in conformity with the contract, or giving him the exclusive right to interpret any term of the contract (Para 16).
• D) All of the options given are correct.

Acknowledge the importance of stock price movements and volatility in determining option value.

Grasp the concepts of intrinsic value and the sensitivity metrics (Delta, Gamma) of options.

Identify and describe models of memory, including the Atkinson-Shiffrin model.

Explain the serial-position effect and its impact on memory recall.

---

Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of output or sales.

Variable Costs

Costs that change in proportion to the level of production or sales activity.

Direct Labor Budget

An estimation of the cost and amount of labor required for production or services, included within a company's overall budget planning.

Wage Rate

The amount of money paid to an employee per unit of time or per unit of output, which can be influenced by several factors including industry, occupation, and geographical location.