Professional Products Company Contracts to Deliver Emergency Medical Supplies to Rescue

question 25

Multiple Choice

Professional Products Company contracts to deliver emergency medical supplies to Rescue & Relief Corporation using only Sky Airways.If Sky de?clares bankruptcy,then

• A)only Rescue & Relief may elect to perform the contract.
• B)Professional may deliver the goods in any reasonable manner.
• C)Sky must designate a substitute carrier.
• D)the entire contract is void.

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Definitions:

Owner-Manager-Operated Business

A business enterprise directly managed by its owner or owners, typically involving hands-on operations.

Profit Centers

Profit centers are divisions or branches of a company that are responsible for generating their own revenue and profits, contributing to the overall success of the business.

Centralization

The organizational structure where decision-making authority is concentrated at the top levels of management.

Investment Centers

Parts of an organization with control over their own revenues, expenses, and investments, whose performance is measured by return on investment (ROI).