Jack Sells Jim a Used Car That Jack Falsely Described

question 11

Multiple Choice

Jack sells Jim a used car that Jack falsely described as having been driven only 12,000 miles. Fraud has occurred if:

• A) Jim bought the car solely because of its color.
• B) Jim knew that the mileage was more than 12,000 miles.
• C) Jim relied upon Jack's statement.
• D) Jack is a merchant.

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Definitions:

China's Foreign Direct Investment

Investments made by China in business interests in other countries, in the form of ownership of firms or establishment of manufacturing or service facilities.

Insourcing

The practice of performing tasks or services within an organization, using its own employees and resources instead of outsourcing.

Global Sourcing

The practice of sourcing goods and services from the global market, across geopolitical boundaries.

Quality Issues

Refers to problems related to the standard or excellence of products or services, often leading to customer dissatisfaction.