Question 56. Question : Which of these is a contract of an exchange of mutual pr

Question

Question 56.

Question :

Which of these is a contract of an exchange of mutual promises to perform?

Student Answer:

Unilateral contract

Bicameral contract

Bilateral contract

Uniform contract

Comments:

Question 57.

Question :

A contract involving both services and goods is covered by the UCC if:

Student Answer:

the services are to be performed upon the goods.

the services cannot be performed unless the goods are supplied.

no charge is made for the services.

the sale of goods is the dominant aspect of the transaction.

Comments:

Question 59.

Question :

Failing to perform a contract at the time due is an example of:

Student Answer:

anticipatory repudiation.

injunctive repudiation.

breach of contract.

post-event breach.

Question 68.

Question :

Which of the following is a likely result of a situation in which a manager focuses on informational and decisional roles, but ignores interpersonal roles?

Student Answer:

Lack of leadership would have little effect on organizational success.

Essential functions including delineation of tasks and strategic planning would be largely ignored.

Lack of inspiration and guidance may or may not affect others, depending on the organization.

External leadership will serve as a strong motivator to ensure organizational progress.

There will no ability to effectively gauge the success or failure of organizational operations.

Comments:

Question 69.

Question :

Fredrick Taylor is known as the father of:

Student Answer:

scientific management.

contingency theory.

operant conditioning.

organization behavior.

Question 71.

Question :

Which of the following are examples of information systems?

Student Answer:

College registration system

ATM

Accounts payable

All of the above

Question 56.

Question :

Which of these is a contract of an exchange of mutual promises to perform?

Student Answer:

Unilateral contract

Bicameral contract

Bilateral contract

Uniform contract

Comments:

Explanation / Answer

56)

A bilateral contract of an exchange of mutual promises to perform

57)

A contract involving both services and goods is covered by the UCC if the sale of goods is the dominant aspect of the transaction.

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