Liability is imposed on an agent who has exceeded his authority on the basis of a(n):

A. definitive warranty of authority.
B. implied warranty of authority.
C. actual warranty of authority.
D. direct warranty of authority.


Answer: B

Business

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Joseph Juran defined quality as ________, which meant that a product or service should satisfy a customer's real needs.   

A. value orientation B. fitness for use C. need fulfillment D. functional capacity E. feature superiority

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The ______________________________ approach is also referred to as the phased approach

Fill in the blank(s) with correct word

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The average cost/unit for the production of a particular component at a manufacturing plant varies with the number of units produced in each batch. The data are given below. ?  Number of Units Produced Cost/Unit 0-49 $37.72 50-100 $25.02? Suppose the selling price of each unit is $35. a. Build a model to calculate the profit of the manufacturing industry if the demand is 20.b. Construct a data table that shows the profit per unit as a function of demand if the demand ranges between 20 units through 80 units in increments of 10 units.

What will be an ideal response?

Business

______ is the ease with which an equipment or system can be repaired or serviced.

A. Availability B. Maintainability C. Redundancy D. Reliability

Business