Economics Chapter 04 Fleet Feet resells the rooms to consumers at a retail rate

subject Type Homework Help
subject Pages 3
subject Words 476
subject Authors Frank B. Cross, Kenneth W. Clarkson, Roger LeRoy Miller

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Appendix D for Unit Four
Questions on the Features
N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows.
N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.
CHAPTER 20INSIGHT INTO E-COMMERCE:
TAXING WEB PURCHASES
B1. Fleet Feet, an online travel company, buys blocks of rooms from Grande Hotel,
a hotel in Harbor City, at a wholesale rate. Fleet Feet resells the rooms to
consumers at a retail rate. One recent effort by cities to collect taxes from e-
commerce has focused on
a. hotels that sell blocks of rooms at wholesale rates.
b. non-resident consumers who reserve rooms in in-state hotels.
c. online travel companies.
d. the dire financial straits of the cities during the latest recession.
CHAPTER 21INSIGHT INTO THE GLOBAL ENVIRONMENT:
CONTRACTS WITH FAIR TRADE PRICING CAN PROMOTE ENVIRONMENTAL
SUSTAINABILITY
B2. Cruz, a sugar cane farmer in Brazil, forms an alliance with Alexis, an importer
and marketer in the United States. Their products carry a Fair Trade label. This
means that Cruz
a. is willing to fairly trade goods instead of cash for his products.
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2 TEST BANK B—UNIT FOUR: DOMESTIC & INT’L SALES & LEASE CONTRACTS
b. receives a stable minimum price for his products.
c. employs forced labor at a fair price whenever possible.
d. produces crops as cheaply as possible to keep his prices minimal.
CHAPTER 24INSIGHT INTO THE GLOBAL ENVIRONMENT:
BORDER SEARCHES OF YOUR ELECTRONIC DEVICES
B3. When Maja, an attorney and a U.S. citizen, crosses the border between the
United States and Canada, she expects the U.S. Department of Homeland
Security to search her laptop. To avoid disclosing confidential client data during
the search, Maja could
a. keep client files on a device that she does not take abroad.
b. carry client files abroad only in hard copy.
c. refuse to consent to a border search of her laptop.
d. assert her right to be free from unwarranted government intrusion.
UNIT FOURFOCUS ON ETHICS:
DOMESTIC AND INTERNATIONAL SALES AND LEASE CONTRACTS
B4. Lucas, a dairy farmer in Minnesota, and Northland Dairy Products, Inc., enter
into a contract for the sale of a certain quantity of fresh milk. Although not
expressly stated, a concept that is read into this contract is the concept of
a. good faith.
b. impracticability.
c. square dealing.
d. unconscionability.
B5. Home & Hearth Furniture, Inc., and Inez, a consumer, enter into a contract for
a sale of a suite of bedroom furniture. If the contract includes a clause that is
perceived as grossly unfair to Inez, its enforcement may be challenged under
the doctrine of
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APPENDIX D FOR UNIT FOUR 3
a. good faith.
b. impracticability.
c. square dealing.
d. unconscionability.

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