The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called
a. unlimited liability
b. ease of formation
c. mutual agency
d. dissolution
c
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Organizational buyers purchase the same product from more than one source
A. if vendor analysis results in a "tie score" for the different suppliers. B. to help ensure continuing supplies. C. because a single vendor usually doesn't want all of the business. D. if no supplier has a superior marketing mix. E. None of these answers is correct.
Which of the following statements about damages in tort is TRUE?
A) Any damages which are reasonably foreseeable are recoverable. B) Any damages which are the natural consequences of the tortuous conduct are recoverable. C) The recoverability of damages is limited by the concept of remoteness. D) Both A and C E) All of the above
Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 7, and 11 days respectively, compute the expected time for this activity
A) 5 B) 6 C) 7 D) 12 E) None of the above
Uncertainty pertaining to the organization's goals and objectives and the organization's strengths, weaknesses, opportunities, and threats is called
A) operational risk. B) strategic risk. C) subjective risk. D) pure risk.