You go to a flea market and buy a LCD TV for $100 . One day you receive a notice that the owner of the TV, which had been stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:
a. fraud, and probably win even though you did not know the set was stolen
b. conversion, and probably lose because you did not know the set was stolen c. fraud, and probably lose because you did not know the set was stolen
d. theft, and probably lose because you did not know the set was stolen e. none of the other choices
e
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In organizational culture, ______ represent the way people believe they ought to behave, and beliefs represent “if, then” statements like “If I do X, then Y will happen.”
A. values B. systems C. investments D. resources
The difference between the price consumer's pay and the amount they would actually have been willing to pay to obtain the benefits is known as ____________
a. net value b. gross value c. consumer surplus d. moderate value e. consumer demand
For the lot-sizing technique known as lot-for-lot to be appropriate:
A) future demand should be known for several weeks. B) setup cost should be relatively small. C) annual volume should be rather low. D) item unit cost should be relatively small. E) the independent demand rate should be very stable.
Most markets for products are made up of individuals or groups with diverse needs for products and are called ____ markets.
A. undifferentiated B. concentrated C. homogeneous D. differentiated E. heterogeneous