Quiz_ Chapter 12 Quiz

Quiz_ Chapter 12 Quiz - Quiz: Chapter 12 Quiz

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Chapter 12 Quiz Submitted by cmd5150 on 4/16/2010 2:52:09 PM Points Awarded 19 Points Missed 0 Percentage 100% 1. The legal authority of a salesperson normally is: A. to solicit orders and get ratification and acceptance from his or her employer. B. the same as that of a buyer. C. to make legally binding contracts for sales over $1,000. D. based on the length of time the salesperson has been employed. E. to make legally-binding contracts for $500 or less. Points Earned: 1/1 Correct Answer: A Your Response: A 2. Which of the following is a factor in determining the validity of a contract? A. offer and counteroffer. B. legal subject matter or purpose. C. due process. D. employment in the purchasing department. E. incompetent parties. Points Earned: 1/1 Correct Answer: B Your Response: B 3. Law suits have been brought by sellers (vendors) against purchasing managers when lawyers have decided that the contract price could be collected personally from the purchasing manager. Points Earned: 1/1 Correct Answer: True Your Response: True 4. Uniform Electronic Transactions Act (UETA) A. Commercial code that would provide uniform rules and standards. B. validates the use of electronic records and electronic signatures. Points Earned: 1/1 Correct Answer: B Your Response: B Quiz: Chapter 12 Quiz https://cms.psu.edu/section/content/default.asp?WCI=pgDisplay%5FQu. .. 1 of 5 4/21/2010 5:46 PM
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5. A PO contract exists between the buyer and seller when all but one of the following events occur. Which does NOT result in a contract? A. supplier receives the PO via EDI B. buyer receives written PO acknowledgement from the supplier. C. buyer receives electronic (EDI) acknowledgement (ACK) D. supplier delivers material or service Points Earned: 1/1 Correct Answer: A Your Response: A 6. Seller warrants that the prices stated herein are as low as any net prices now given by you to any customer for like materials, and seller agrees that if at any time during the life of this order seller quotes or sells at lower prices similar materials under similar conditions, such lower prices shall be substituted for the prices stated herein. A.
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Quiz_ Chapter 12 Quiz - Quiz: Chapter 12 Quiz

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