Reference no: EM132203344
1. Lakeside Property. Ronnie agreed to act as the agent of Sue in finding a piece of lakeside property for her at a good price and also in obtaining a loan for her with which to purchase the property. She agreed to pay him $500 for doing so. To assist Ronnie in his duties, Sue disclosed to Ronnie confidential information about her finances and debts. Ronnie decided that he needed help and paid Rick $300 to look for property for Sue. Bruce told Ronnie about a great deal on a piece of lakeside property that Bruce had for sale. In fact, the deal was so good that Ronnie purchased the property for himself. What remedy should Sue seek if she wants possession of the lakeside lot Ronnie purchased?
An absolute trust
A defined trust
A resolute trust
An actual trust
A constructive trust
2. What constitutes a valid writing in the UCC is the same in the statute of frauds.
True
False
3. Quality control is defined as the stabilization and maintenance of a process to produce consistent output. Continuous improvement can occur once a stable process achieved
True/ false
4. A casual forecasting method in which demand is related to other external or internal variables which causes the dependent variable to change using least squares analysis is known as
a. input output model b-. regression c-. none of the above d-economic model e-stimulation model
5. The first tenet of lean thinking is to specify precisely what about a product or service creates value from the perspective-True/false?
6. An increase or decrease in average demand over time is considered to be which type of time series forecasting?
a. level b. cycle c. seasonality d. random error e. none of the above