The Delphi method, panel consensus forecasting, and market surveys are all qualitative forecasting methods, but only market surveys do NOT use experts
Indicate whether the statement is true or false.
Answer: TRUE
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Upon the termination of an agency, the agent's actual authority ceases. However, apparent authority may continue until actual notice of the termination is given to third parties
a. True b. False Indicate whether the statement is true or false
A person assumes all risks associated with any activity in which he or she participates.
Answer the following statement true (T) or false (F)
The rule of law imposing vicarious liability on an innocent principal for the torts of an agent is respondeat superior
a. True b. False Indicate whether the statement is true or false
Probabilistic sampling is any method of sampling in which
a. the probability of the occurrence of various events in the study are known b. there are only two possible outcomes, such as P(A) and P(Ac) c. the probability of each possible sample can be computed d. the probability of each possible sample is one