In Which of the Following Situations Can a Buyer Revoke

question 52

Multiple Choice

In which of the following situations can a buyer revoke acceptance of nonconforming goods?

• A)The buyer accepted them with knowledge of the nonconformity,because they were the only option available in the market.
• B)The buyer accepted the nonconforming goods because the seller could not cure the defect.
• C)The price of the goods fell in the general market.
• D)The nonconformity substantially impaired the value of the goods.

Distinguish between renewable and nonrenewable resources.

Recognize how factors of production contribute to differences in economic growth between countries.

Understand the concept of returns to scale in production.

Comprehend the impact of savings and investment rates on economic growth.

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Definitions:

Performance Rating

An assessment of how well an individual, group, or system performs against defined criteria or objectives.

Normal

Pertaining to something that conforms to a standard or a pattern that is usual, typical, or expected.

Trained Employee

An individual who has received instruction and practice in a particular skill or type of behavior for the workplace.

Time Study

An analytical procedure used to determine the standard time required for a skilled worker to perform a given task under specified conditions and at a defined rate of performance.