Which of the Following Would Be Included in Germany's GNP

question 121

Multiple Choice

Which of the following would be included in Germany's GNP?

• A) the production of BMWs (made by a German-based company) in South Carolina.
• B) the production of Michelin tires made in Germany by a French company and then sold directly to French consumers.
• C) the production of BMWs in Germany.
• D) the production of Michelin tires made in France by a French company and then sold to BMW in Germany for use in BMW cars.
• E) answers A and C are correct.

Identify the remedies available to sellers and buyers under the Uniform Commercial Code (UCC) when a contract breach occurs.

Understand the statutes of limitation for contracts for the sale of goods under the UCC.

Calculate damages and apply remedies in situations of contract breaches involving the sale of goods.

Recognize the conditions under which specific performance and cover can be employed as remedies.

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Definitions:

Liquidity

The ability of a company to pay obligations expected to be due within the next year.

Dividend Payments

Dividend payments are distributions of a portion of a company's earnings, decided by the board of directors, to its shareholders.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets or statistical data analysis.

Horizontal Analysis

An analytical method in financial statements analysis where amounts in a series of financial statements are compared line by line to detect changes and trends over different periods.