Emerald, Inc enters into a contract to purchase 3,000 chipsets from Atlas, Inc It agrees to pay $10 for each chipset. Atlas manages to deliver only 2,700 chipsets on the stipulated day, leading to a loss in profit for Emerald
The contract did not include a clause about the damages to be paid. If a court decides that Atlas must pay monetary damages, which of the following types of damages will be awarded by the court?
A) liquidated
B) nominal
C) compensatory
D) punitive
C
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Give three reasons why, at some point, every business needs to examine growth opportunities outside the markets it serves. Name and describe four fundamental offensive strategic market plans for entering new markets
What will be an ideal response?
The accounting department reports that the balance of accounts receivable is $210,000. You are willing to accept that balance if audit sampling suggests it is within $15,000 of the actual balance. Using a classical variables sampling plan, you compute a 95% confidence interval of $208,000 to $225,000. You would therefore:
A. not be able to determine the acceptability of the receivable balance. B. accept the $210,000 balance because the confidence interval is within the materiality limits. C. accept the balance but with a lower level of confidence. D. take a larger sample before totally rejecting the balance and requiring adjustments.
Noel creates a table listing the number of students in his biology class, their names, age, and phone numbers. His table is an example of the ________ component of an information system.
A. data B. information C. process D. program E. hardware
For a lower tail hypothesis test with a sample size of 13 and a .10 level of significance, the critical value of the test statistic t is
A. -1.356. B. -1.350. C. -1.782 D. -1.771.