The CISG

question 44

Multiple Choice

The CISG:

• A)provides uniformity for transactions among contracting parties in different states in the United States.
• B)applies only to consumers,not commercial parties.
• C)applies only to services,not sales of goods.
• D)does not have provisions to cover every contract problem that might occur.

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Definitions:

Future Outlay

Expected future expenditures or financial obligations.

Incremental Revenues

Additional income generated from a new action or decision, beyond what is currently being earned.

Allocated Fixed Costs

Allocated fixed costs are fixed costs that have been distributed among different departments or products based on a predetermined basis.

Variable Costs

Expenses that vary directly with the level of production or sales volume.