E-Contracts and E-Signatures I. Forming Contracts Online Disputes arising from contracts entered into online concern the terms and assent to those terms. A. Online Offers Terms should be conspicuous and clearly spelled out. On a Web site‚ this can be done with a link to a separate page that contains the details. The text lists subjects that might be covered‚ including remedies‚ dispute settlement‚ payment‚ taxes‚ refund and return policies‚ disclaimers‚ and privacy
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Chapter 1 The Art and Science of Economic Analysis INTRODUCTION THIS CHAPTER HAS TWO PURPOSES: TO INTRODUCE STUDENTS TO SOME OF THE BASIC LANGUAGE OF ECONOMICS AND TO STIMULATE STUDENT INTEREST IN THE SUBJECT. IT CONVEYS TO STUDENTS THAT ECONOMICS IS NOT ONLY FOUND IN THE FINANCIAL SECTION OF THE NEWSPAPER‚ BUT ALSO IS VERY MUCH A PART OF THEIR EVERYDAY LIVES. BEGINNING WITH THE ECONOMIC PROBLEM OF SCARCE RESOURCES BUT UNLIMITED WANTS‚ THIS CHAPTER PROVIDES AN OVERVIEW OF THE FIELD AND THE
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the price of y. 3. Your budget constraint for the two goods A and B is 12A + 4B = I‚ where I is your income. You are currently consuming more than 27 units of B. In order to get 3 more units of A‚ how many units of B would you have to give up? a. 0.33 b. 0.11 c. 3 d. 9 4. Murphy used to consume 100 units of X and 50 units of Y when the price of X was $2 and the price of Y was $4. If the price of X rose to $4 and the price of Y rose to $9‚ how much would Murphy’s income have to
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correlation between price and quantity? Answer: The curve shows a negative correlation between price and quantity • Compute the slope of D1 between points A and C. Answer: Slope is -2/5 (16-24)/(40-20) = -2/5 • What is the slope of D1 between points C and E? Why would you not have to calculate this answer? Answer: The slope has already been calculated. The slope will be the same as part D. • What is it called if we move from curve D1 to curve D2? Answer: An increase in Demand • How do you
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Introduction Foundations Basics Language of economics Fundamental problem facing mankind “Our resources are limited (scarce)‚ but our wants (aspirations to good life ‚ ambitions ‚ needs‚ dreams) are unlimited.” SCARCITY = Budget Constraint Proof Resources Limited * Time: 24 hours day * Time is money * 20 hours in bed (leisure) * Safe drinkable water = Less than 1% of total water * $2000 apt/studio‚ cook own food * $2000000 a month * Mansion
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The American poet‚ E. E. Cummings wrote verses with an experimental style that presented romantic attitudes‚ and also dabbled in playwriting and painting. His poems crafted physical objects that show a fresh way of looking at reality. Cummings’ unique style of romantic transcendentalism is innovative‚ modern and visual. The visual aspect was unusual to other poets at the time he debuted. The way his poems are laid out on the paper are important‚ as was the unusual way he used punctuation and capitalization
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Vocab BOOK ANSWERS Unit 2 Answers Completing the Sentence 1. extols 2. belligerent 3. jeopardy 4. impervious 5. nostalgia 6. quintessence 7. feasible 8. cursory 9. scrutinized 10. averse 11. grimace 12. retrogress 13. impetus 14. tepid 15. meticulous 16. adroit 17. amicable 18. benevolent 19. holocaust 20. duplicity Synonyms/Antonyms 1. impetus 2. duplicity 3. holocaust 4. quintessence 5. nostalgia 6. meticulous 7. belligerent 8. feasible 9. retrogress 10. jeopardy
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na‚ but Cadillac-branded vehicles are distributed in 34 additional markets worldwide. Historically‚ Cadillac automobiles have always held a place at the top of the luxury field within the United States.[2] In 2012‚ Cadillac’s U.S. sales were 149‚782 vehicles.[3] Cadillac is among the oldest automobile brands in the world‚ second in America only to fellow GM marque Buick. The firm was founded from the remnants of the Henry Ford Company in 1902‚ almost 9 years before Chevrolet.[4] It was named after Antoine
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Licensed to: iChapters User PRINCIPLES OF MICROECONOMICS: A G U I D E D T O U R PART ONE: INTRODUCTION Chapter 1 Chapter 2 Chapter 3 Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The study of economics is guided by a few big ideas. Economists view the world as both scientists and policymakers. The theory of comparative advantage explains how people benefit from economic interdependence. PART TWO: SUPPLY AND DEMAND I: HOW MARKETS
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Definition of E-Procurement E-Procurement is the term used to describe electronic methods of conducting business transactions. The ’e’ in e--procurement stands for electronic. E-procurement can be used in every stage of the process. It can begin with the actual sale coming through to the purchaser and end with the customer’s invoice and payment. E-Procurement is more than just a system for making purchases online. A properly implemented system can connect companies and their business processes
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