Comparative estimates are more accurate than definitive estimates when applied to the same project
Indicate whether the statement is true or false
TRUE
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Leavitt was interested in buying a new motor home. Among Leavitt's concerns when buying the new motor home was his intended use which was to travel extensively in mountainous areas. A somewhat informed consumer, he had rented a motor home that lacked sufficient engine and braking power to traverse the areas he intended to travel. If the engine and brakes are insufficient, the motor home cannot
maintain ordinary highway speeds going up steep hills and brakes are prone to overheating while going down the mountains. He visited several dealerships but bought one at the Monaco Coach Corporation. Almost immediately upon receiving the vehicle, Leavitt complained that his coach could not maintain ordinary highway speeds going up steep hills and that the brakes were prone to overheating while going downhill. Leavitt presented evidence that while shopping for his coach, he informed Monaco of his plans to use the coach extensively for travel in mountainous areas and of his wish to avoid problems he had experienced with rented vehicles that lacked sufficient engine and braking power. Monaco performed many warranty repairs and other service, but Leavitt ultimately concluded that the engine and brakes, as a matter of design, simply were not suitable for his needs, and he sued.Knowing only that his brakes had failed in town instead of overheating in the mountains would change Leavitt's claim a. from strict liability in tort to negligence. b. from a claim on implied warranty of merchantability to implied warranty of fitness for particular purpose. c. negligence to strict liability in tort. d. from a claim on implied warranty of fitness for particular purpose to one of implied warranty of merchantability.
Louise Rogers knows that several factors affect the price of a share of common stock. The one that says there is an inverse relationship between interest rates and the value of a share of common stock is the ________ factor
A) risk and stock valuation B) interest rates and stock valuation C) earnings growth and stock valuation D) interest rates and risk valuation E) interest rates and earnings growth valuation
Multi-state businesses can reduce their overall tax cost to the extent they can shift income from a low-tax state to a high-tax state.
Answer the following statement true (T) or false (F)
Which of the following is included in the empirical rules?
A) Approximately 59% of the observations will fall within two standard deviations of the mean, or within x ± 2s. B) Approximately 68% of the observations will fall within one standard deviation of the mean, or between x - s and x + s. C) Approximately 89% of the observations will fall within three standard deviations of the mean, or within x ± 3s. D) Approximately 28% of the observations will fall within three standard deviations of the mean, or within x ± 3s.