Hugh recently purchased a motorcycle for $3,000 but has had extensive problems starting the motor. In disgust at not being able to start the motor, Hugh shouts to his friends, "Any of you want to buy this thing for $20?" A contract will be formed if a friend gives Hugh a twenty-dollar bill
a. True
b. False
Indicate whether the statement is true or false
False
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An electrical power system consists of four major components with reliabilities of 0.99, 0.94, 0.92, and 0.95. In order to improve the reliability, a backup component of reliability 0.92 is added to Component 3. Compute and indicate the overall reliability of the system.
A. 0.87 B. 0.88 C. 0.99 D. 0.88
When people evaluate themselves by comparing their group’s membership with other groups, what process are they engaging in?
*a. social comparison b. group identification c. social identity d. social competition
Which of the following is true about financial support between spouses?
A) Spouses are obligated to pay for medical care and shelter. B) Spouses must pay for necessaries for step-children. C) Spouses must provide for necessaries in exchange for sexual services. D) Spouses do not have to provide for necessaries.
Polynesia Company manufactures sonars for fishing boats
Its Model 70 sells for $300. Polynesia produces and sells 5,700 of them per year. Cost data follow: Variable manufacturing $100 per unit Variable selling and administrative $17 per unit Fixed manufacturing $290,000 per year Fixed selling and administrative $150,000 per year Arthur Bailey, the sales manager, wants to offer a special sale to a new customer that outfits boats. He proposes a sale of 41 units at a special price of $148 per unit. Arthur believes that it will not affect the company's regular sales in the long run because it is a one-time transaction. The sale will require the normal variable costs, both selling and administrative costs and manufacturing costs, but will not impact the fixed costs. The president of the company has some reservations but finally agrees to make the deal if and only if it adds a minimum of $1,500 to operating income. Based on the president's criteria, Polynesia will not make the offer. Indicate whether the statement is true or false