Which of the following is an approach to managing the risk that a contractor may not complete a complex project properly?
A. Require the contractor to operate the facility for a while to demonstrate everything is functioning as it should.
B. Award the same project to multiple contractors to improve the chances that one of the contractors will successfully finish the project.
C. Guarantee that key employees from the contractor will have high-paying jobs with the primary company upon successful completion of the contract.
D. Recruit personnel on behalf of the contractor to ensure that high-quality resources are deployed in the project.
A. Require the contractor to operate the facility for a while to demonstrate everything is functioning as it should.
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Indicate whether the statement is true or false
Ernest invents a novel, useful, nonobvious product. He:
a. must apply for a patent within one year of selling the product commercially. b. is entitled to a patent over someone else who invents the same product if he is the first to get a company to produce it commercially. c. may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application. d. may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.
Mitch takes his two best suits to Quality Cleaners and receives a ticket as a receipt. Quality tells Mitch his suits will be cleaned and will be ready to be picked up on Monday. Another customer overhears the exchange and early on Monday goes to Quality, convinces the worker he is Mitch but that he has lost his receipt. He identifies and retrieves the suits, which happen to fit him perfectly,
too. Quality Cleaners a. is strictly liable to Mitch for the suits. b. is liable to Mitch only if Mitch can prove Quality was grossly negligent. c. has no liability unless Mitch proves Quality did not use ordinary care. d. will avoid liability if the receipt contained an exculpatory clause excluding gross negligence.
In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30$6230?Deposits in transit at month-end$1390?Outstanding checks at month-end$710?Bank charge for printing new checks$90?Note receivable and interest collected by bank on Donahue's behalf$680?A check paid to Donahue during the month by a customer is returned by the bank as NSF$570? The adjusted cash balance per the books on April 30 is:
A. $8070 B. $5750 C. $6820 D. $6250 E. $4150