Dale sold an oil painting to Jane for $1,000. Jane was to pick it up the next day, but an art dealer came into the store before she arrived and told Dale it was a rare painting by a famous artist and offered Dale $25,000
Dale didn't tell the dealer about his sale to Jane, and Dale sold it to the art dealer for $25,000. As a result
A) Jane can successfully sue Dale for breach of contract and seek pecuniary damages
B) Dale's contract with Jane was void due to innocent misrepresentation
C) Dale's contract with the art dealer was void for public policy reasons
D) Dale's contract with Jane was void due to mistake
E) Jane can sue both Dale and the art dealer
A
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Personal Care Products recently introduced a new acai berry shampoo. Rinn, director of new product development, has just reviewed the dismal results. As it appears that his team adequately researched the product's acceptance by consumers prior to its introduction, he is confused by the outcome. But to keep his team open to innovation, Rinn should
A. step down as director. B. fire and replace the team lead as an example to others. C. foster an innovative culture and climate that permits experimentation, risk taking, and failure. D. ignore the product failure. E. demote the team leader.
As inherent risk increases, and other risk factors remain constant, what happens to the extent of audit work?
a. Increases. b. Decreases. c. Stays the same. d. Becomes less reliable.
Which sentence expresses numbers correctly?
A) A thorough review of insured items available in Policy 43-311083 is presented in No. 3 on Page 15. B) A thorough review of insured items available in Policy 43-311083 is presented in Number 3 on page 15. C) A thorough review of insured items available in Policy 43-311083 is presented in No. 3 on page 15.
As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of the 15 lawyers in the office. What difficulties are you going to have in doing this, and how are you going to overcome them?
What will be an ideal response?