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Sid Salesman sold Bea Buyer a used 2004 Camry for 8,000. The morning after the contract was signed, Sid called Bea to say that he had forgotten that the dealership would not let that Camry go for less than 9,000 so she would have to pay an additional 1,000 if she wanted the car. Is Bea liable for the extra 1,000? a. yes, this was a unilateral mistake of fact by Sid b. no, this was a unilateral mistake of fact by Sid c. yes, Sid has the defense of economic duress d. yes, this was a bila...

A person who uses a logo in an advertisement that is deceptively similar to that of another business commits the tort of false light. True False  False What is the primary purpose of tort law? Punish wrongdoers Compensate victims for their losses Support society by fining wrongdoers Create precedents in the common law  Compensate victims for their losses The publication requirement for libel is met if the falsehood is communicated to just one other person. 2 0 2 4 /2025 | ©...

Actual Authority  Authority an agent actually possesses. Maybe expressed or implied. Agency  Relations in which one person, the agent, acts on behalf of another, the principal. Agency by Estoppel or Apparent Authority  Arises where an agent has no actual authority, but the principal leads third parties to believe the agent may act on his behalf. Agent  One who acts for the benefit of another. Disclosed Principal  If the parties have notice they are working for an agent ...

_____ is a measure of the chance that an uncertain event will occur → probability if events a & b are independent, then the probability of simultaneous occurrence of event A and event B can found with → all of the above the set of all possible outcomes for an experiment is called a → sample space a ______ is the probability that one event will occur given that we know another event already has occurred → conditional probability P(AUB)= P(A)+P(B)-P(A^B) represents the formula ...

Analyticsis → a PROCESS that examines data using a variety of statistical tools and involves Qualitative → • Data is ORDINAL or NOMINAL Continuous → decimal/fraction → example= GPA Discrete → whole number → example= students in class Census → An examination all of the population population → is the entire group of individuals from which we want information. Sample → is a part of the population (a subset) we actually collect as the dataset to analyze. Then dra...

What level of measurement is temperature measured on the Fahrenheit scale? → Interval What level of measurement is an automobile license plate number? → Nominal What level of measurement is income earned this week at your job? → Ratio What level of measurement are the top 3 airline companies in U.S.? → Ordinal Voting behavior in Lee County in each election for the past 4 years. → Time series data Number of students who were enrolled in BUAL 2600 for Fall Semester, 2017. → ...

An identification of police officers by rank would represent a (blank) level of measurement → Ordinal What is the Analytic Process in order? → Know the business problem, choose data-sourcing method, collect descriptives, make prediction, ask next question In the analytic process, the step after the descriptives is.... → Make Prediction A (blank) variable can have values that indicate into which of several categories of a population it belongs → qualitative A persons telephone...

Which of the following is a quantitative variable? → Mileage of a car In the Analytic Process, the next step after the descriptives (descriptives is the data that has occurred up to the current point in time) have been collected, is to use the data to: → Make predictions A ________ variable takes on values that are numbers on the real number line. → quantitative A person's telephone area code is an example of a(n) ________ variable. → nominative A doctor's office needs to...

In the Procure to Pay business process, the company is playing the role of the ________________? A) Vendor B) Supplier C) Customer D) Manufacturer E) Both A and B → C) Customer Which of these is not an information processing step as learned in this class? A) Record Data B) Report Information C) Maintain Data D) Analyze Data E) None of these are information processing steps. → D) Analyze Data Which of the following source document data flows is created during a typical Procure...