Question 37

Under the mailbox rule a party can send a rejection but then change it to effective acceptance so long as the acceptance is deposited with the transmitting agency before the rejection is received by the offer.

Answers:

True

False

Question 38

Which of the following is not an element of an effective acceptance.

Answers:

A. Communication

B. Definiteness

C. Exactness

D. Present sense intent

Question 39

Under modern law replying to an offer by materially altering its terms results in what?

Answers:

A. Acceptance

B. Counter offer

C. Destruction of the original offer

D. Both B and C.

Question 40

Under old common law replying to an offer with any variation in the original terms results in what?

Answers:

A. Acceptance

B. Counter offer

C. Destruction of the original offer

D. Both B and C

In economics, interest can be defined as money paid by a borrower to a lender for a credit or a similar liability. Whereas, interest rate is defined by the interest paid over a time period expressed as a percentage of principal. Based on these fundamental understandings, answer all following questions; i. What is the different (by definition) between simple and compound interest? (1 marks) ii. Calculate the amount deposited 1 year ago to have RM30000 now at the interest rate (ROR) of 15% per year. Calculate the amount of interest earned during this time period (4 marks)68. The fundamental unit of matter is the sugar molecule. A. True B.False 69. Ecosystem boundaries are usually defined by easily identifiable demarcations. A. True B.False 70. Environmental science is an interdisciplinary area of study that deals with all of the follo except A. politics. B. economics. C. ethics. D. All of these are correct. 71. Damming water changes its quantity and not its quality. A. True B.False 72. Evaluate the ratio [H+] at pH 3 / [H+] at pH 7. A. 0.0001 B. 0.001 C. 0.429 D. 10.000QUESTION 12 Ordering decision making process for managers - T Follow up Identify problem Analyze the allomativos Implement the decision Determine alternative courses of action Select the best alternative QUESTION 13 What is correct explanation about first step for analzing the alternatives in decision making process? 8. Select an appropriate, measurable criterion O b. Carry out the chosen analysis * Select a method of analysis " Determine alternative courses of actionIL Short Answer Questions: 1. What is scarcity and why does it exist? How is scarcity related to the study of economics? 10 points 2. Discuss the three fundamental economic questions that all nations must address. 10 points 3. Draw a supply and demand curve for cars and graphically illustrate the effect of an increase in the price of steel (an input). Label all axes and curves. 10 points 4. Draw a PPF with cars on the x-axis and TV's on the Y axis. Make sure the PPF exhibits increasing opportunity costs. 10 points