Which of the Following Is NOT an Economic Need

question 6

Multiple Choice

Which of the following is NOT an economic need?

• A) Dependability in use
• B) Hunger
• C) Economy of use
• D) Convenience
• E) Efficiency in use

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Definitions:

Sale-On-Approval Contracts

Contracts that allow buyers to take possession of goods before deciding whether to complete the purchase, often used in sales where inspection is necessary.

Condition-Or-Sale Contracts

Agreements that stipulate the sale of goods is dependent on certain conditions being met, often used to protect the interests of the seller.

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Simple Delivery Contract

An agreement where goods are transferred directly from the seller to the buyer without any special conditions or requirements.