The World Has Many Interesting Locations with Unique Combinations of Resources

question 16

Multiple Choice

The world has many interesting locations with unique combinations of resources. Not included in these resources are ________.

• A) Skilled labor
• B) Minerals
• C) Crops
• D) Petroleum
• E) Technology

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Definitions:

Conforming Goods

Goods that are in accordance with the obligations under the contract.

Cure

The correction of a defect in goods that caused the goods to be rejected by a buyer.

Delivery

The act of transporting goods or services from a seller or provider to the recipient's location, completing a sales transaction.

Implied Warranty

A legal assumption that a product or service sold will meet basic quality and functionality standards.