Which of the following contributes to high project risk?
a. Probability of failure is low.
b. If the project fails, the results can be easily rectified.
c. The project is fully insured against failure.
d. Consequences of project failure are serious.
d. Consequences of project failure are serious.
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Which of the following is false concerning the duration and termination of bailments?
A) A bailment for a fixed period term can be terminated at any time by either party. B) A gratuitous bailment can generally be terminated at any time by either party. C) Where commingled fungible goods are involved, identical equivalent goods may be returned by the bailee. D) Upon termination of the bailment the bailee is legally obligated to do as the bailor directs with the property.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 50 hours for the first widget. Acme estimates it has a 97% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 56th widget.
a. 31.05 hours b. 41.90 hours c. 18.96 hours d. 42.87 hours
Which of the following products would impose strict liability in tort according to Section 402A?
A) Popcorn containing large amounts of genuine butter B) 150-proof Virgin Island rum C) A chain saw sold with the safety shielding removed D) A sports car capable of speeds in excess of 150 MPH
If an agent commits a crime, the agent's liability will depend on the nature of the agency relationship
Indicate whether the statement is true or false