Questions
What are the three categories of torts? What does the UCC Section 2 cover? What does...

What are the three categories of torts?

What does the UCC Section 2 cover? What does the UCC Section 2a cover?

What are the differences between contract law and UCC law?

What is a sale? What is a merchant?

What is the difference between goods and services?

What is the predominant rule?

What terms does the UCC allow to be open? What cannot be open?

What is a merchant’s firm offer?

What are a person’s alternatives if they are sent non-conforming goods?

What happens under the UCC if additional terms are included in the acceptance?

10.   What are the requirements for modifications under the UCC?

11.   What is the perfect tender rule?

12.   List and define the exceptions to non-conforming goods being considered a breach.

13.   List the obligations of the Buyer.

14.   List the obligations of the seller.

15.   What is anticipatory repudiation?

16.   List and define the Seller’s remedies.

17.   List and define the Buyer’s remedies.

What is a warranty of title?

List and define the types of implied warranties.

What are warranty disclaimers?

In: Finance

Read the following case: An individual, Sam Rice, was injured while using a survival knife manufactured...

Read the following case: An individual, Sam Rice, was injured while using a survival knife manufactured by the BearArms Knife Company. Sam is a resident of the state of Iowa. He was injured in the state of Iowa, where he was using the knife to whittle a wooden cup. The BearArms Knife Company is located in the State of Delaware. It sells its knives to retail stores throughout the United States. Sam bought his knife at Paul's Discount in Iowa City. Sam’s injuries cost him – in terms of doctor’s bills and missed income from not being able to work – well over $200,000.

Sam sued BearArms Knife Company in Iowa state court for negligence. BearArms Knife Company did not, however, respond to or otherwise contest Sam’s lawsuit, and Sam was awarded $425,000 in damages by the trial court.

Based on the legal information that you learned in this chapter, write a 1-2 sentence answer for each of the following questions.

1. What type of judgment did the trial court award against BearArms Knife Company?

2. Which court(s)--state and/or federal courts--would have jurisdiction over Sam’s lawsuit against BearArms Knife Company?

3. Explain the reasoning for your answer to question “2”.

4. What state law would Rice have invoked in trying to show that the Iowa state court had personal jurisdiction over BearArms Knife Company?

In: Economics

Financial technology, also known as FinTech is an industry composed of companies that use new technology...

Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.

The use of mobile apps is embedded in the average Mauritian’s everyday life while the country already provides services such digital insurance, mobile banking amongst others.

Several enterprises, particularly those aiming towards Africa, are already using Mauritius as a viable Fintech platform. The stable business climate and well-established corporate governance culture in Mauritius, favorable time zone, excellent connectivity and highly-educated labour, mitigates the high-risk profile of certain African countries.
QUESTIONS

1. Considering the Mauritian context, list and explain the benefits of Fintech.

2. Considering the Mauritian context, justify what could be the possible drawbacks of FinTech.

3. Select a local company of your choice which provides FinTech services and:

Explain the services provided by the chosen company & justify why the provided services falls under the FinTech umbrella of technologies.

4. The Mauritius Central Automated Switch (MauCAS) is a novel state-of-the art digital hub fully owned and operated by the Bank of Mauritius for routing payments among operators on a 24x7 basis. Do you believe MauCAS will be a success or failure in Mauritius? Justify your answer.

In: Operations Management

5. Penn State University wants to determine if students are satisfied with the dorm conditions. A...

5. Penn State University wants to determine if students are satisfied with the dorm conditions. A researchers takes random samples of 25 students from each year and the students are asked whether or not they are satisfied with the dorm conditions. The results of the study are given below:

Freshman Sophomores Juniors Seniors
Satisfied 15 12 9 7
Dissatisfied 10 13 16 18

Is there sufficient evidence of a difference in dorm room satisfaction among the various year levels?

A.

The data proves that there is a difference in dorm room satisfaction among the various year.

B.

There is sufficient evidence at the 1% significance level of a difference in dorm room satisfaction among the various years.

C.

There is sufficient evidence at the 5% significance level, but not at the 1% significance level, of a difference in dorm room satisfaction among the various years.

D.

With P = 0.1117 there is not sufficient evidence of a difference in in dorm room satisfaction among the various years.

E.

There is not enough information to answer this question.

6. When analyzing survey results from a two way table, the main distinction between a test of independence and a test for homogeneity is:

A.

How the degrees of freedom are calculated

B.

how the expected counts are calculated

C.

the number of samples obtained

D.

the number of rows in the two way table

E.

the number of columns in the two way table.

7. A controversial issue in the sport of professional soccer is the use of instant replay for making difficult goal line devisions. Each person in a representative sample of 102 players, fans, coaches, and officials was asked his or her opinion about the use of instant replay for goal line decisions. The data are summarized in the two way frequency table below.

Opinion
Category Favor Use Oppose Use
Players 22 2
Fans 18 6
Coaches 15 26
Officials 3 10

In testing to see whether opinion with respect to the use of instant replay is independent of the category of the person interviewed, a chi square test statistic of 27.99 and a p value less than 0.001 were calculated which of the following statements is correct?

A.

The number of degrees of freedom for the test is 8 - 1 = 7

B.

The chi square test should not have been used because two of the counts in the table are less than 5.

C.

The null hypothesis sates that there is an association between category and opinion about the use of instant replay, and the small p value suggests that the null hypothesis should be rejected.

D.

The small p value suggests that there is evidence of an association between category and the opinion about the use of instant replay.

E.

The chi square test shows that fans favor the use of instant replay.

8.

A controversial issue in the sport of professional soccer is the use of instant replay for making difficult goal line devisions. Each person in a representative sample of 102 players, fans, coaches, and officials was asked his or her opinion about the use of instant replay for goal line decisions. The data are summarized in the two way frequency table below.

Opinion
Category Favor Use Oppose Use
Players 22 2
Fans 18 6
Coaches 15 26
Officials 3 10

In testing to see whether opinion with respect to the use of instant replay is independent of the category of the person interviewed, a table of respective frequencies is found. In this table the expected number of professional baseball players opposing the use of instant replay is equal to:

A.

10.4

B.

24.1

C.

11

D.

6

E.

8.4

9. A study was performed to examine personal goals of children in grades 4, 5, and 6. A random sample of students was selected in Virginia. The students received a personal questionaire regarding achieveing personal goals. They were asked what they most like to do at school: make good grades, be good at sports, or be popular. The results are presented in the table below by sex of the child.

Boys Girls
Make good grades 96 295
Be popular 32

45

Be good at sports 95 40

What type of test is appropriate for this situation?

A.

Chi square goodness of fit

B.

Chi square test for independence

C.

Chi square test for homogeneity

D.

Two sample t test for difference in means

E.

Two sample z test for difference in proportions

10.

Recent revenue shortfalls in a midwestern state led to a reduction in the state budget for higher education. To offset the reduction, the largest state university proposed a 25% tuition increase. It was determined that such an increase was needed simply to compenstate for the lost support from the state. Separate random samples of 50 freshmen, 50 sophomores, 50 juniors, and 50 seniors from the university were asked whether they were strongly opposed to the increase, given that it was the minimum increase necessary to maintain the university's budget at current levels. Here are the results.  

Strong Opposed Freshman Sophomore Junior Senior
Yes 39 36 29 18
No 11 14 21 32

Which hypothesis would be appropriate for performing a chi square test?

A.

The null hypothesis that is the closer students get to graduation, the less likely they are to be opposed to tuition increases. The alternative is that how close students are to graduation makes no difference in their opinion.

B.

The null hypothesis is that the mean number of students who are strongly opposed is the same for each of the 4 years. The alternative is the mean is the different for at least 2 of the 4 years.

C.

The null hypothesis is that the distribution of student opinion about the proposed tuition increase is the same for each of the 4 years at the university. The alternative is that the distribution is different for at least 2 of the 4 years.

D.

The null hypothesis is that year in school and student opinion about the tuition increase in the sample are independent. The alternative is that these variables are dependent.

E.

The null hypothesis is that there is an association between year in school and opinion about the tuition increase at the university. The alternative hypothesis is that these variables are not associated.

In: Statistics and Probability

Depression is the most common disorder in the world, what are the symptoms? What should you...

Depression is the most common disorder in the world, what are the symptoms? What should you do if someone you know is depressed? Use your readings to explain your answers. write at least 250 words.

In: Psychology

From the real international market, select a company of your choice wishing to start its activities...

From the real international market, select a company of your choice wishing to start its activities in Saudi Arabia. The Company hired you as Marketing Manager of Saudi Arabian Region.

You have to establish a marketing department starting from the Analysis of the market, formulate overall marketing goals, objectives, strategies, and tactics within the context of an organization's business, mission, and goals designing and planning the entire function.

Write a Marketing Plan considering the following points

  1. Introduction, Goals and Objectives

To introduce this section you should include the "mission statement" of the business; an idea of what its goals are for customers, clients, employees and the consumer.

  1. Introduction about the business.
  2. Business vision and mission
  3. Business objective.
  4. Products and services offered

  1. Environmental Analysis

Conduct an environmental analysis that looks at and comments on your local area and your network of business contacts, competitors and customers.

  1. Target Market Analysis

Identify the target market, describing how the company will meet the needs of the consumer better than the competition does.

  1. SWOT Analysis

Conduct a SWOT analysis for your chosen company based on your research.

In: Operations Management

Answer the following questions using the annual report of Colgate in Appendix A. Required: a. For...

Answer the following questions using the annual report of Colgate in Appendix A. Required: a. For 2009, 2010, and 2011 identify Colgate’s (1) tax payment/obligation if it paid the statutory tax rate, (2) tax provision made in the books, and (3) the actual tax payment/obligation. Broadly quantify how Colgate’s statutory tax payment differs from its actual tax payment. Also explain why these differences occur. b. What is Colgate’s effective tax rate for each of the three years? Why is it different from its statutory tax rate? Explain at least one of these differences in detail. c. What is Colgate’s tax provision? Why is it different from its tax obligation/payment? d. You are in the process of forecasting Colgate’s income for the next year. What tax rate would you apply to your forecast and why? (Come up with a rate if possible.) e. Examine Colgate’s deferred tax assets and liabilities. Explain why they arise in general. Provide a detailed explanation of how at least two of the deferred assets/liabilities arise and “guess” at the approximate duration over which these assets/liabilities are expected to reverse. f. Examine the “movement” in the deferred tax assets/liabilities between 2011 and 2010 and explain the major changes.

In: Accounting

In about 300 (4 paragraphs) words explain the Communication Theories and how they impact communication with...

In about 300 (4 paragraphs) words explain the Communication Theories and how they impact communication with peers, family and in the work place – use in text citations

In: Psychology

Suppose that there is a white urn containing two white balls and three red balls and...

Suppose that there is a white urn containing two white balls and three red balls and there is a red urn containing two white balls and four red balls. An experiment consists of selecting at random a ball from the white urn and then​ (without replacing the first​ ball) selecting at random a ball from the urn having the color of the first ball. Find the probability that the second ball is red.

In: Statistics and Probability

Sample size: 52 Determine if there is sufficient evidence to conclude the average amount of deaths...

Sample size: 52

Determine if there is sufficient evidence to conclude the average amount of deaths is equal to 6000 in the United States and territories at the 0.10 level of significance.

  1. Clearly state a null and alternative hypothesis
  2. Give the value of the test statistic
  3. Report the P-Value
  4. Clearly state your conclusion (Reject the Null or Fail to Reject the Null)
  5. Explain what your conclusion means in context of the data.

LIVE BIRTHS

Mean 6911
Median 4750
Standard Deviation 8161.31
Minimum 582
Maximum 46,424

DEATHS

Mean 3958
Median 2964

Standard Deviation

4039.60
Minimum 280
Maximum 19,767

MARRIAGES

Mean 3876
Median 2792
Standard deviation 4424.42
Minimum 215
Maximum 21,368

DIVORCES

Mean 1587
Median 1340
Standard Deviation 1427.25
Minimum 98
Maximum 6400

In: Statistics and Probability