1. John had engaged Bakri, an advocate and solicitor to act for him in the purchase of land from one Chan Po Po for RM30,000. Bakri had prepared a sale and purchase agreement on 12 June 2012 and the sale was completed on 6 July 2012. In a Gazette Notification no, 13 dated 15 March 2011, the land had been gazetted for acquisition by the government, under Section 8 of the Land Acquisition Act, 1960. Evidence revealed that Bakri did not make a search enquiry with the Collector of Land Revenue in the Land Office concerned and thus was not aware of the gazette notification. On 3 January 2013, John was paid RM15,000 by the government for the acquisition of the said land. John claims damages amounting to RM15,000 being the difference between the purchase price and the compensation. Advise John.
2. Man engages a forwarding agent by the name of Parjo, to transport a consignment of some fabric from Bandung to Malaysia. Arrangements were made so that the consignment is to be carried by sea and to be landed at a place in Tanjung Kupang, Malaysia. This is not an official commercial port of entry into Malaysia. The reason for this is so that Man could avoid paying import tax to the Malaysian government. Parjo was instructed to unload the consignment at a certain secluded place near Tanjung Kupang. Upon arrival at the Malaysian shores, Parjo proceeded to unload the consignment. While he was at it, Parjo was arrested by the Malaysian authorities and the consignment was confiscated. Parjo was charged with illegally bringing in taxable items into Malaysia and evading import taxes. Parjo was found guilty and paid a hefty fine for the offence. Parjo seeks your advise whether he may claim any indemnity from Man in relation to the losses he suffered since he had acted as Man's agent. Advise Parjo.
3. Rather than studying individual customer data, First Bell Bank is interested in analyzing groups of

customers. Members of a group should be similar and markedly different from other customer groups.

Which of the following Customer Relationship Management (CRM) activities should be used to prepare

First Bell Bank's customer data for analysis:

A. Regression C. Clustering

B. Estimation D. Prediction

4. When financial institutions follow government regulations pertaining to the industry, the institutions are

A. being independent. C. in compliance.

B. being ethical. D. in mediation.

5. By deciding to buy or not to buy, consumers control what goods and services will be produced and at

what price through their

A. capital investment. C. limited wants.

B. gross income. D. economic votes.

6. What does utility reveal about consumers?

A. Preferences C. Background

B. Income D. Influences

7. The market price is the actual price that prevails in a market

A. at the beginning of each quarter. C. on the first of each month.

B. at any particular moment. D. at the beginning of the fiscal year.

8. Businesses that contribute money to local educational, cultural, and training programs are showing social

responsibility to their

A. customers. C. communities.

B. employees. D. stockholders.

9. Which of the following demonstrates the interrelationship among primary business activities:

A. A new product is introduced, so business advertisements must adjust in response.

B. A business changes its goals, so its strategies and tactics change, too.

C. One business activity changes, so the others must adjust in response.

D. A business manager becomes vice president, so his/her department must adjust to the change.

10. A higher standard of living is achieved in a country when productivity

A. and population increase at a similar rate. C. increases at a rate faster than population.

B. remains the same and population increases. D. decreases and population remains the same.