Under the ucc, is defined as "honesty in fact and the observance of reasonable commercial standards for fair dealing."

The answer is good faith. In section 1-201 of the Uniform Commercial Code good faith is defined normally as “honesty in fact in the conduct or transaction concerned.” Article 2 of the U.C.C. says “good faith in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.” Similarly, Article 3 on negotiable instruments describes good faith as “honesty in fact and the observance of reasonable commercial standards of fair dealing,” an explanation which also applies to the provisions of Article 4 on bank deposits and collections and Article 4A on funds transfers. The U.C.C. enforces an obligation of good faith on the performance of every contract or duty under its purview. The law also generally necessitates good faith of fiduciaries and agents acting on behalf of their principals. There is also a necessity under the National Labor Relations Act that employers and unions bargain in good faith. 

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explanation:

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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