Which of the Following Is True Regarding Similarities Between American

question 9

Multiple Choice

Which of the following is true regarding similarities between American and European contract law?

• A) U.S. law is provided guidance through statutory enactments known as the Restatements of the Law, but European law relies entirely on the CISG.
• B) U.S. law is provided guidance through the UCC, a federal statutory enactment, but European law relies entirely on the CISG.
• C) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has begun crafting its own version of the U.S. Restatement of Contracts.
• D) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments, but Europe has disavowed any such similar document choosing instead to rely on the CISG.
• E) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has disavowed the CISG choosing to follow a code similar to the U.S. Restatements of the Law.

Comprehend the process and significance of e-commerce in today's economy.

Distinguish between primary and support activities within a firm and their value addition.

Recognize the societal pressures on organizations due to workforce diversity.

Appreciate the significance of privacy and security in various operational environments, including cruise lines.

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Definitions:

Trade Restrictions

Regulations imposed by governments to limit the free exchange of goods and services across borders, including tariffs, quotas, and embargoes.

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported goods, based on quantity rather than value.

Lump-Sum Tax

A fixed amount of tax that an individual or business is required to pay, regardless of income or transaction value.