You Have Started a New Company That Manufactures Curling Brooms

question 18

Multiple Choice

You have started a new company that manufactures curling brooms and are looking to sell the product.Marco has worked as a distributor of curling supplies for the last 3 years and has many connections in the area.You want to enter into a relationship with Marco in order to help sell to the retailers in the area,but you are worried about liability under contract.The best thing to do is

• A)draft an agency agreement with Marco in which he has actual authority to sell the brooms.
• B)create a distributorship agreement in which Marco must provide warranty service.
• C)license Marco as a franchisee who can sell the brooms himself.
• D)create a distributorship agreement under you will sell at wholesale prices to Marco and he will resell at retail prices to the retailers.
• E)hire Marco as an employee to advise on how to distribute the goods.

Discuss the requirements set by insurance contracts for insured parties to maintain safety and security standards.

Understand the concept of externalities and their impact on social welfare.

Analyze how government interventions, such as taxes and subsidies, can address externalities.

Comprehend the role of property rights in resolving disputes over external costs and benefits.

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Definitions:

Self-Perception

The way in which individuals view themselves, including their beliefs about their own attributes and who and what they are.

Extremely Thin

Describes an individual or object that has a very small thickness or width, often suggesting a below average or unhealthy condition in living beings.

Lose Weight

The process of reducing body weight, typically by burning more calories than are consumed, through diet, exercise, or other interventions.

Autism

A developmental disorder that affects communication and behavior, characterized by difficulties in social interaction and communication and by restricted or repetitive patterns of thought and behavior.