If the sum of the absolute deviations of demand was 500 for 10 periods, MAD would be:
A) 500.
B) 5.
C) 50.
D) 0.02.
E) none of the above
C
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An agreement in which parties intend to form a valid bargain, but a court declares that some rule of law prevents enforcing it is called
a. a void agreement. b. a voidable contract. c. an unenforceable agreement. d. a quasi-contract.
One of the requirements of a valid contract is an adequate market for the deal’s goods or services.
Answer the following statement true (T) or false (F)
Albertson's, the grocery retailer, has the highest profit margins in the industry at 6%. A union has filed suit against Albertson's for its "off-the-clock" without pay practices with respect to manager trainees. These trainees worked 4-5 hours extra each week without pay and did not complain because of promises of progression in the organization. When progression did not materialize, the trainees
returned to checking positions and their union filed a class action suit on their behalf. The potential for back pay and penalties in the case is $200 million. Albertson's notes that some managers may prod trainees to work longer without pay but that such is not company policy. a. Who is responsible for the "off-the-clock" policy? b. Is it each store manager or Albertson's? c. Is "off-the-clock" an ethical policy?
Reciprocal exchanges provide a considerable amount of automobile insurance
Indicate whether the statement is true or false