Amanda buys a vacuum cleaner to use in her home from retailer Andy. Amanda promises to pay for it in six monthly installment of $50 each. Andy assigns the contract to Big Finance Co. who paid value and took without notice of any defense. Amanda has stopped making payments because the vacuum stopped working and Andy refuses to honor the express warranty he made to her at the time of the sale. Big Finance Co. sues Amanda for nonpayment. Generally, any defense that Amanda may have against Andy is good against Big Finance Co.
a. true
b. false
a. true
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Which of the following statements is ethically questionable?
a. Effective communication should reflect personal values and company standards of ethical conduct. b. Managers should be certain to distinguish their opinions from facts. c. Unpleasant ideas should be stated as tactfully as possible to preserve self-esteem of the reader. d. Facts can be exaggerated as long as the purpose of the message reflects the reader's best interest.
Once values and ethical standards have been formally adopted, a company must
A. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms. B. hold periodic ceremonies to vilify employees that do not live up to the company's core values or who are found guilty of violating the company's code of ethics. C. grant compensation increases and promotions only to those managers who are willing to act as evangelists for the company's core values and ethical standards. D. require every employee to memorize the company's formal statement of core values and code of ethics. E. rely only on word-of-mouth indoctrination and company tradition to instill values and ethical conduct.
Which of the following demonstrates the difference between dynamic flexibility and extent flexibility?
A. Dynamic flexibility is required over short periods of time, while extent flexibility is required in jobs spread over a longer period of time. B. Dynamic flexibility is the quality of physical movement, while extent flexibility refers to the recognition of different sensory modalities. C. Dynamic flexibility is seen in jobs that require repeated and quick bends, while extent flexibility is seen in jobs that require extreme ranges of motion. D. Dynamic flexibility is a type of physical ability, while extent flexibility is a type of sensory ability. E. Dynamic flexibility involves fine motor movements, while extent flexibility requires gross motor movements.
A(n) __________ is a set of points defining the minimum possible risk for a set of return values.
A. contour B. efficient frontier C. unity constraint D. reduced gradient