Answer the Following Question(s)using the Information Below

question 167

Multiple Choice

Answer the following question(s) using the information below.John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again.His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash.Sherry estimated the following costs for the two cars:

-The cost NOT relevant for this decision is the

• A)acquisition cost of the Trail Blazer.
• B)acquisition cost of the Grand Cherokee.
• C)repairs to the Trail Blazer.
• D)annual operating costs of the Grand Cherokee.
• E)annual operating costs of the Trail Blazer.

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Definitions:

Multinational Enterprise

A company that owns or controls production or service facilities in one or more countries other than its home country.

National Borders

The defined lines that distinguish the geographic boundaries of sovereign nations.

Force Majeure Clause

A contractual provision that relieves the parties from fulfilling their obligations when certain circumstances beyond their control occur, making performance inadvisable, commercially impracticable, illegal, or impossible.

Unforeseeable Occurrence

An event that cannot be predicted and is beyond the control of the parties involved, oftentimes relieving them from contractual obligations due to impossibility.