A Simplifying Assumption Can Be Made When Solving Problems in Equilibrium

question 79

Multiple Choice

A simplifying assumption can be made when solving problems in equilibrium which assumes that "x" is considerably small (approaches zero) in the sum or difference of an expression. As such, it drops out of the expression and the Algebra becomes much easier. When is it valid to use a simplifying assumption?

• A) It is valid to make this assumption when the ratio: "x"/[reactant A]_{o *} 100% > 5%
• B) It is valid to make this assumption when 95 out of 100 scientists chose to do so.
• C) It is valid to make this assumption when "x" is comparable in magnitude to the initial concentration of the reactant A. (i.e., x ~ [A]_o)
• D) It is valid to make this assumption when the ratio: "x"/[reactant A]_o < 5
• E) It is valid to make this assumption when the ratio: "x"/[reactant A]_{o *} 100% < 5%

Distinguish between various ERP vendors and their software offerings.

Understand the role of ERP systems in interorganizational processes.

Recognize the advantages and disadvantages of cloud-based vs on-premise ERP systems.

Appreciate the importance of change management in ERP implementation.

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Definitions:

Conditional Sale Contract

An agreement for the sale of goods where the purchase price is paid in instalments and the title of the goods remains with the seller until the full purchase price is paid by the buyer.

Security Agreement

A legal contract that grants a lender a security interest in an asset, which acts as collateral for a loan, should the borrower default.

Builder's Lien Acts

Laws that provide a security interest in the title to property for the benefit of those who have supplied labor or materials that improve the property.

Statutory Holdback

A legal requirement to withhold a certain percentage of the contract price on a construction project to ensure all subcontractors are paid.