An Organization That Grows Using ________ Focuses on Its Primary

question 88

Multiple Choice

An organization that grows using ________ focuses on its primary line of business and increases the number of products offered or markets served in this primary business.

• A)concentration
• B)horizontal integration
• C)vertical integration
• D)diversification

Identify the criteria that qualify a transaction as a sale under the UCC.

Recognize how the UCC addresses contract formation, including offer, acceptance, and consideration.

Differentiate between sales of goods and transactions not covered by the UCC.

Know the role of merchants in the UCC and how it affects commercial transactions.

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Definitions:

Open Primary

A type of primary election in which voters are not required to declare party affiliation and can choose any party's ballot to vote.

Closed Primary

is an electoral system where only registered members of a political party can vote in that party's primary elections to select candidates.

Majority System

An electoral system in which the candidate who receives more than half of the votes wins.

Referendum

A direct vote in which an entire electorate is asked to vote on a particular proposal, potentially a change in the constitution.