Po Hung gives a cheque for $10,000 to Connected Construction Inc as a down payment on a renovation project to his building. Connected Construction signs the cheque over to its bank to pay a bank loan of $10,000
Connected Construction only does $5,000 worth of the work and disappears. The bank has cashed the cheque and the full $10,000 has been taken out of Po Hung's account. Which of the following is true?
A) Po Hung can recover $10,000 from the bank.
B) Po Hung can recover $5,000 from the bank
C) Po Hung can recover nothing from the bank
D) The bank and Po Hung must split the loss of $5,000 equally
E) Po Hung cannot successfully sue Connected Construction Inc. for any money
C
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Which of the following types of damages seeks to put the victim in the position he or she would have been in had the tort never taken place?
A) compensatory B) nominal C) punitive D) statutory
Consider the following objective function and constraint: C(x) = 2x12 - 15x + 3x23 - 9x2 + 30, such that x1 = 3x2. Which of the following is the correct Lagrangian function?
A) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x2 - x1) B) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (x2 - 3x1) C) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x1 - x2) D) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x2 - 3x1)
An operations manager is NOT likely to be involved in:
A) the design of goods and services to satisfy customers' wants and needs. B) the quality of goods and services to satisfy customers' wants and needs. C) the identification of customers' wants and needs. D) work scheduling to meet the due dates promised to customers. E) maintenance schedules.
Which of the following is true of tort liability for principals and agents?
A. A principal is responsible for the tortious conduct of an agent regardless of whether the conduct occurs within the scope of the agency. B. A principal is responsible for the tortious conduct of an agent regardless of whether the conduct occurs within the course of the agency. C. An agent is liable for the principal's tortious conduct if he or she participates in it. D. An agent and a principal cannot be held responsible for the same tort.