Explain the different types of warranties that exist under the UCC
Express warranties, warranties of merchantability and warranties of fitness for a particular purpose are the types of warranties under the UCC. An express warranty is an explicit guarantee by the seller that the goods will have certain qualities. The implied warranty of merchantability guarantees that goods are reasonably fit for the general purpose for which they are sold and that they are properly packaged and labeled. The implied warranty of fitness for a particular purpose guarantees that the goods are fit for a particular purpose for which the seller recommended them beyond the scope of ordinary purposes.
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What is a matrix organization? Describe giving examples
What will be an ideal response?
Using the Best Buy revenue data:
a) Create a sales forecast for the period of July 2017 to April 2018 using the Forecast Sheet. Be sure to include the forecast statistics so that you can judge the quality of the model.
b) What are the optimal smoothing constants (?, ?, and ?) according to this model, and how do they compare to those for the Holt-Winters Multiplicative Seasonal model?
c) According to FactSet, analysts are forecasting the following revenues for the next year. How do your numbers compare?
d) Square the RMSE from the Forecast Sheet to make it more comparable to our MSE. How does this compare to the MSE of the Holt-Winters Multiplicative Seasonal model?
Hensley and Boyer have been negotiating for several months over issues related to the purchase and sale of some real estate. They draft a letter of intent that
a. protects both parties by ensuring the other side is serious and creates a binding agreement on the issues on which the parties have agreed thus far. b. may or may not be an offer, depending on the exact language and whether the document indicates that the parties have reached an agreement. c. has a legal binding effect concerning the issues outlined in the letter. d. courts will consider to be a valid offer which the other party must accept if offered in good faith.
Elias works for Joe's Landscaping Service. Joe promises that he will get employees new mowers this season; the old ones are always breaking down. Joe takes his family on a cross-country vacation while his home is being renovated. When Elias asks about the mowers, Joe says the company doesn't have enough money this season. Elias no longer trusts Joe. What type of trust has Joe violated? What are the implications for Elias's relationship with Joe?
What will be an ideal response?