Reference no: EM132232832

1. Which of the following is true of instantaneous communications?

1) The mailbox rule applies to them.

2) They are always effective upon dispatch

3) They are always effective upon receipt.

4) Emails are always effective upon dispatch but faxes are always effective upon receipt.

5) There is disagreement among jurisdictions as to whether they are effective on dispatch or receipt.

2. Which of the following are ways in which an offer can be terminated:

1) Revocation, rejection, counteroffer, illegality, death, incapacity, and lapse of time.

2) Revocation, acceptance, counteroffer, illegality, lapse of time.

3) Revocation, adhesion, unilateral termination, bilateral termination.

4) Rejection, counteroffer, illegality, acceptance, adhesion, lapse of time, bilateral termination

5) Unilateral termination, bilateral termination, illegality, incapacity, and acceptance.

3. The Uniform Electronic Transactions Act allows for which of the following?

1) It eliminates all effects of the mailbox rule.

2) It provides that offers may not be accepted electronically but otherwise retains aspects of the mailbox rule.

3) It provides that acceptances may not be made electronically but otherwise retains aspects of the mailbox rule.

4) It seems to create an electronic version of the mailbox rule.

5) It delays the effect of the mailbox rule by 8 hours.

4. What is the amount of average work in process inventory for a continuous production system that runs 24 hours a day and manufactures 100 units per hour?

A. 800 units

B. 2400 units

C. 100 units

D. 24 units

E. none of above