St. Vincent De Paul Regional Seminary

Business Exam Review Definitions: Economic Basics: Capital Resources- A resource such as equipment, a building, or money, that is used to produce goods and services. Consumer Purchasing Po wer- When consumers have the power to choose where they will buy goods and services, and how much they will pay for them. Demand- The quantity of a good or service that consumers are willing and able to buy. Economic System- The way business and government work together to provide goods and services to consume...

Business Law Final Exam 60 Questions 54 T/F 6 Multiple Choices 1) Parol evidence rule. What that be an exclusionary rule of evidence? 2) Does the statue of frauds generally require that both par ties have to sign the writing? 3) Is a collateral promise an undertaking to be primarily liable for the principle debtor’s debt? 4) Suppose we have an employment agreement with K and A promises to work for K for the rest of his life, must this promise be in writing to be enforceable? 5) B sends f a let...

As previously stated, you will see three of these questions on your final exam and you will have to choose two to write about. To do well on this exam, you cannot just provide the quick answer to the question…you will need to explain how the author comes to their conclusion about an idea by providing their supporting claims and explaining their overall argument. Also, please note that you can use an author or article only once in the exam. 1. Given your understanding of Adam Smith’s descript...