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TRUE OR FALSE Identify whether the statement is true or false. 1. Contracts with minors are only voidable if the minor agrees to buy text books for school. 1 points A) True O B) False 2. Vivian approached Yvette about the sale of a sapphire bracelet at $375. Yvette says she will think about this. The next day Yvette hands $370 to Vivian, Vivian takes it and responds that she will bring the bracelet for Yvette 1 points tomorrow at lunch. However, during that night Vivian died. Here a contract was not formed. O A) True B) False 3. Acceptance could be evidenced by the offeree carrying out a duty detailed by the offeror. 1 points A) True ( B) False 4. An 18-year-old cannot enter into a contract if he has a criminal record. 1 points O A) True O B) False 5. Companies and partnerships are similar because the both have legal persona. 1 points A) True O B) FalseQuestion 4: (A) If you have been hired as company law expert to make immediate changes in the companyr law. Point out and describe any three (3) major changes, which you will suggest bringing change in law to promote business activities. (Maximum 400 words} (5 Marks} [B] Mismanagement is a severe issue in almost all types of companies. Discuss any three major situations when its existence is formally recognized under company law. Examine a real time example of any company which termed as mismanagement and curbed by law. (Maximum 400 words) (5 Marks} How would you ensurethat your risk management processes talce into account the following legislation, codes of practice and national standards? Briefly describe eacJ'i legislation. Provide a practical example for each legislation of what n'slt action you your own works, summarize: 1irirould take that takes into account'ie legislation. .1 Duty of care l1 Company law c Contract law d Environmental law e. Freedom of information f. Industrial relations law g Privacy and condentiality l'L Competition and Consumer Law i. Disability law \fThe purpose of this exercise is to discuss the situation facing a manager and help her determine how many servers to use and what the characteristics of the system will be. Endeavor Communications, a long distance provider, is reevaluating its account management department for handling customer service questions and requests. During the 6:00 pm to 10:00pm time period, past data hat calls to the account management department occur at an average rate of one call every 6.5 minutes. A study of past service times indicate that the average time to process a caller's question/request is 4.3 minutes. Like other phone systems, when a call comes in and all the servers are busy, the caller hears a message telling them to hold until the next server is available Top management at Endeavor Communications understands that the staffing decision involves the analysis of trade-offs. Increasing the number of servers will reduce the waiting times and increase the probability of immediate service at a higher cost with more idle time for the servers. Management has decided that the GOAL of the account management department is to immediately answer and service at least 90% of the incoming calls during the busiest time period of 6:00 to 10:00pm. They have asked you to determine the staffing level that will help them meet this goal. Also, they'd like you to provide your own recommendations. 1. What are the arrival and service rates in Calls per MINUTE? Use the spreadsheet to calculate these: A. (calls per minute) = (calls per minute) = 2. Since you are not required to perform the calculations in the case of multiple servers, you are provided with these results in the table that follows. You DO need to determine the information for the case of one server and RHO for 2 and 3 servers, Please fill in the chart below based on the numbers you calculate using your EXCEL FILE which can be found under LabEx Files on the course webpage. USE THREE DECIMAL PLACES IN ALL PROBABILITIES Servers 2 3 % Time Server Busy (rho) Probability of 0.503 0.515 0.333 0.341 0.110 JAWN-O 0.113 0.036 0.025 0.012 0.005 0.0003 0.001 0.00003 0.0003 In the system CUSTOMERS CUSTOMERS CUSTOMERS Number in System n(s) 0.74 0.67 Number in Line n(0) 0.08 0.01 TIME (Minutes) TIME (Minutes) TIME (Minutes) Time in System t(s) 4.83 4.36 Time in Line t() 0.53 0.06 TIME (Seconds) TIME (Seconds) TIME (Seconds) Time in System ((s) 289.7 261.5 Time in Line t() 31.7 3.5 These may be helpful----ONE SERVER FORMULAS: Pa = (1-p)p P. Vu ns= 2/(p=1) ni= p[2/ (H-X)]= phs ts = 1/ (H-1) to= p[1/ (H-X)]=ptsQuestion Completion Status. QUESTION 25 Allowing to Die is the same as O A. murder O B. withholding treatment O C. assisted suicide QUESTION 26 The Patient Determination Act 1991 gives patients the right to refuse_ O A. only some treatments O B. any treatments O C. neither QUESTION 27 Free Enterprise approach to business is often called O A the noncompetitive approach OB, the competitive approach O C. neither QUESTION 28 Advertising In business aims to create A. wants O B.needs O C. neither QUESTION 29 Affirmative Action can cause Reverse Discrimination O A true O B false C. always