Reference no: EM132209457

1. Which of the following is NOT a defense to negligence?

A) res ipsa loquitor

B) assumption of the risk

C) contributory negligence

D) comparative fault

2. Juliet, age 14, purchased 5 chickens from Bob at a price of $30 per chicken for a 4-H project. She later decided she didn't want to do the project. She told Bob that she wasn't going to pay him although he had delivered the chickens. Also, one chicken died, so she only had 4 chickens. Which of the following is true?

A) Juliet is still liable to Bob for $150.

B) Juliet must return the 4 remaining chickens to Bob.

C) Bob is liable to Juliet for $30.

D) Juliet must return the 4 remaining chickens and pay Bob $30 for the chicken that died.

3. Gunnar, age 12, is paid $8 a week by his parents, Bjorn and Anna, to clean his room, fold and put away his laundry, take out the trash, empty the dishwasher, and tend the sheep after school. On Saturday, he offered to clean his room for additional time playing Xbox. His room was very messy. Which is true?

A) Cleaning his room would be adequate consideration in exchange for playing Xbox.

B) Cleaning his room would not be adequate consideration for the additional Xbox time.

C) This contract is void as Gunnar is a minor.

D) None of the above.

4. Which of the following is not a type of judgemental forecasting?

consumer surveys

executive opinions

the Delphi method

sales force opinions

time series analysis

5. Which of the following is NOT a characteristic of a small business start-up?

has few, if any, employees

is funded by the founder or close associates of the founder

is organized to grow quickly

none of these