Technology Can Change Existing Products and the Ways They Are

question 370

Multiple Choice

Technology can change existing products and the ways they are produced.Many companies are using technological developments to allow the __________ of products through the manufacturing cycle several times.

• A)pruning
• B)adding
• C)recycling
• D)precycling
• E)refining

Recognize the role of promissory estoppel in the absence of formal consideration.

Identify exceptions to the consideration requirement.

Analyze the effect of modifications on contracts under various laws.

Understand the implications of contractual promises on legal obligations.

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Definitions:

Physical Examination

A comprehensive assessment of a person's physical condition, usually conducted by a healthcare professional.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market to restrain prices to a certain level.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Resource Allocation

The process of assigning available resources to specific uses chosen among many possible and competing alternatives.