Which of the Following Statements Is True About the Uniform

question 41

Multiple Choice

Which of the following statements is true about the Uniform Commercial Code (UCC) ?

• A) The main purpose of the UCC was to enable private parties to enter into commercial transactions regulated by tariffs and government restrictions.
• B) The most obvious purpose of the UCC was to establish a uniform law to govern commercial transactions that often take place within the state.
• C) The drafters were successful in achieving complete uniformity.
• D) The UCC is adopted by all states except Louisiana, which has adopted only part of the code.

---

Definitions:

Capacity Analysis

Capacity analysis involves evaluating the production capabilities and limitations of a manufacturing facility to meet demand.

Tech Support Department

A function within a company tasked with providing assistance and technical support to users or customers, typically regarding software, hardware, or other electronic or mechanical products.

Time-Driven Activity-Based Costing

A refinement of activity-based costing that assigns costs based on the actual amount of time resources are used on an activity.

Customer Cost Analysis

The process of analyzing all costs related to acquiring, servicing, and retaining a customer, to determine their profitability.