Which of the following is true of misrepresentation in contracts?
A. Misrepresentation cannot result from an honest mistake or negligence.
B. A victim has to show detriment from misrepresentation to cancel a contract.
C. A mere untrue assertion is sufficient for proving misrepresentation.
D. Statements of opinion serve as a basis for rescission.
Answer: B
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Infrastructural decisions include decisions about ______.
A. the kind of products to offer B. materials management and control C. the markets in which to offer products D. product design
Briefly explain the idea of social responsibility in marketing. Give an example of how an organization might practice social responsibility
What will be an ideal response?
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.15 per ounce, is:
A. $14,536. B. $18,170. C. $21,896. D. $18,262. E. $18,078.
The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is the?
A. proportion estimate. B. ?margin of error. C. ?confidence coefficient. D. same as ?.