Compensatory damages are designed to give the plaintiff

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Reference no: EM132256446

1. For a plaintiff to recover in a breach of contract case, the plaintiff must demonstrate that he used reasonable efforts to minimize the damage resulting from the breach of contract by the defendant. True or False?

2. Compensatory damages are designed to give the plaintiff as much money as the defendant has. True or False?

3. A party to a contract can use past consideration to satisfy their part of the exchange. True or False?

4. Undue influence is when one person has taken advantage of his or her dominant position in the relationship to persuade the weaker person to make a decision they might otherwise not have made. True? or False?

5. The court seldom considers adequacy of consideration. True or False?

6. Courts will look at the consideration involved and make sure that each side got a good deal. True or False?

7. In nonlinear optimization the Lagrange multipliers can be used to:

a. Accurately calculate the impact on the objective function of changing a constraint’s RHS value.

b. Estimate the approximate impact on the objective function of changing a constraint’s RHS value by small amounts.

c. Estimate the impact of changing the objective function coefficient by a small amount on the constraint RHS.

d. Predict the impact on the objective function of changing a constraint’s RHS value by large amounts.

8. Typical financial spreadsheet calculations are:

a. Too complex to comfortably apply optimization techniques.

b. Inherently nonlinear See “financial spreadsheet models” in chapter 8 for more information.

c. Easy, so no optimization techniques are needed to make sound financial decisions.

d. Not structured properly to apply optimization techniques.

9. One of famous applications of NLP in finance involves:

a. Maintaining a constant investment risk level.

b. Maximizing the level of return.

c. Determining the optimal mix of investments to hold in a portfolio in order to minimize the risk of the portfolio while achieving a desired level of return.

d. Minimizing the amount of money invested.

10. Which of the following is not characteristic of preventing maintenance in JIT system?

a. maintaning equipment in good operating

b. replacing parts when they worn but before they fail

c. workers maintaining their own equipment

d. eliminating supplies of spare parts to reduce capital investment

e. perceving breakdowns as an opportunity for improvement

Reference no: EM132256446

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