Only four states of the United States have adopted all or part of the Uniform Limited Liability Company Act (ULLCA) as a state statute
Indicate whether the statement is true or false
FALSE
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Research on tournament theory shows that pay differentials do not affect an employee's performance.
Answer the following statement true (T) or false (F)
Jamie is building a house on her lot. She invites Earnie of Earnie's Excavation to bid on the excavation job. Earnie observes that the lot next to Jamie's is also under excavation and the soil in that lot is normal and not excessively rocky. Based on the assumption that the soil in Jamie's lot will be similar, he and Jamie agree that the excavation will cost $3,000 . When Earnie starts digging,
he learns there is solid rock under Jamie's lot. Earnie says it will cost an extra $2,500 for the excavation work. Jamie agrees just to get the job done but later refuses to pay a dime more than $3,000 . If Earnie sues, the most likely result would be a. Jamie wins, as Earnie was under a preexisting duty to dig the basement. b. Earnie wins as this modification is governed by the UCC and consideration is not required to enforce a modification of the agreement. c. Jamie wins as Earnie was not acting in good faith and just wanted to put Jamie in a situation where she didn't have a choice but to agree to more money. d. Earnie wins, as the modification was due to unforeseen difficulties.
Donald is analyzing and interpreting data. In the process, he is converting data into information.
Answer the following statement true (T) or false (F)
Which of the following represents an unlimited queue?
A) drive-through lane at a fast-food restaurant B) small barbershop with only 5 chairs for waiting customers C) toll booth serving automobiles on an interstate D) faculty office with limited seating during office hours E) restaurant with no outside seating and limited capacity due to fire department restrictions