In waiting line problems, the interarrival time is assumed to follow a probability distribution known as ______.
a. Poisson distribution
b. binomial distribution
c. normal distribution
d. negative exponential distribution
d. negative exponential distribution
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In addition to serving as a persuasive tool, a sales proposal often serves as a sales contract
Indicate whether the statement is true or false.
In the European Union, if there is no written contract, compensation is based on customary practice in the location where an agent is acting
Indicate whether the statement is true or false
Tender offers are regulated on the federal level by the National Labor Relations Act
a. True b. False Indicate whether the statement is true or false
Which of the following situations would not constitute a ratification of a contract by a minor?
a. Prior to reaching majority, a minor expressly agrees to be bound by the terms of the contract. b. After reaching majority, the minor fails to disaffirm the contract within a reasonable time. c. After reaching majority, the minor expresses in writing an intention to be bound by the terms of the contract. d. After reaching majority, the minor expresses orally an intention to be bound by the terms of the contract.