Which of the Following Is NOT an Accurate Statement About

question 72

Multiple Choice

Which of the following is NOT an accurate statement about business trends?

• A)Fewer businesses are likely to outsource work to differnt countries.
• B)Small and midsize firms are expected to create most of the job growth in the coming decade.
• C)Low-paying jobs are likely to be on the rise.
• D)Labor shortage at all skill levels is on the rise.

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Definitions:

Failure Of Consideration

occurs when the promised performance in a contract is not delivered, rendering the contract voidable or void.

Revised Article 3

Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.

Claims

Formal requests or demands for payment or compensation for losses or damages covered under an insurance policy.

Without Recourse

A term indicating that the seller of a financial instrument or property transfers all risk of non-payment or defect to the buyer, absolving the seller of liability.