Parties to a contract may specify in advance the amount of damages that must be paid in case of breach. These liquidated damages
a. are generally payable in a liquid form (for example oil, or solvents, or alcoholic beverages).
b. are enforceable if they are a penalty designed to frighten parties into performance as agreed.
c. must be reasonable and not a penalty. They reflect the difficulty of assessing the actual or anticipated damages that would be caused by any future breach.
d. are most appropriate when actual damages will be easy to calculate.
c
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Which sector of the economy is expected to see the greatest increase in jobs?
a. Service b. Agriculture c. Manufacturing d. Mining e. Precision production
The Highway Safety Department wants to study the driving habits of individuals. A sample of 121 cars traveling on the highway revealed an average speed of 60 miles per hour with a standard deviation of 11 miles per hour. Determine a 95% confidence interval estimate for the speed of all cars.
What will be an ideal response?
________ is a crimeware technique to steal the identity of a target company to get the identities of its customers
Fill in the blank(s) with correct word
Which of the following is not a characteristic of a multinomial experiment?
a. The experiment consists of a fixed number of trials. b. The outcome of each trial is classified into one of two possible categories. c. The probability pi that the outcome will fall into cell i remains constant for each trial. d. Each trial of the experiment is independent of the other trials.