Which of the following is not needed to establish the tort of intentional misrepresentation:
a. scienter or intent to defraud b. intent to induce reliance
c. justifiable reliance by the plaintiff on the misrepresentation d. relationship between the parties
e. all of the other choices are necessary elements to show the tort existed
e
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An insufficient number of territories means lower income for salespeople
Indicate whether the statement is true or false
An advantage to a high level of stock turnover is that _____
a. there are few lost sales b. quantity discounts are high c. merchandise on shelves is fresh d. low prices affect gross margins
A liquidated damage clause that represents a reasonable approximation of the damages where the actual amount would be very difficult to determine will usually be upheld
a. True b. False Indicate whether the statement is true or false
As life spans increase and birth rates decrease, the American population is rapidly aging. This may most likely lead to:
A. an increase in taxes as state and federal governments stretch to serve the aging population. B. a decline ofcompanies in fields such as healthcare, pharmaceuticals, and financial management. C. a decrease in competition among companies to recruit top talent. D. an increase in the size of the consumer market.