Carrying Capacity Is

question 48

Multiple Choice

Carrying capacity is

• A)the maximum biomass an environment will produce.
• B)a function of distance decay.
• C)the maximum number of people that can be supported by available resources and technology.
• D)a reflection of cultural diffusion.

Explain the conditions under which modifications to contracts require additional consideration under common law versus the UCC.

Discuss specific transactions that are enforceable without consideration (e.g., promissory estoppel, moral obligations).

Discriminate between enforceable promises and non-binding promises such as illusory promises and past consideration.

Understand the legal concepts related to substituted contracts and their effects on original agreements.

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Definitions:

Defined Pension Plans

A retirement plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Deferred Profit-sharing Plans

Retirement plans where a portion of the company's profits is contributed to the employees' retirement savings accounts, typically vested over time.

Flexible Benefit Plans

Plans that allow employees to choose from a variety of benefits to tailor their benefits package to their personal needs and preferences.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.