Time Warner Cable Uses Its Sales Reports Broken Down by Geographic

question 45

Multiple Choice

Time Warner Cable uses its sales reports broken down by geographic regions as part of its marketing research to determine which markets are most rapidly adopting high-speed Internet connections. In this example, Time Warner Cable is using

• A) internal sampling.
• B) internal primary data.
• C) external secondary data.
• D) external primary data.
• E) internal secondary data.

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Definitions:

Time is of the Essence

A clause in contracts that specifies that exact times and dates are crucial and non-adherence to them constitutes a breach of contract.

Strict Performance

A legal standard requiring parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation or error.

Express Condition

A specific condition explicitly stated in a contract that must be fulfilled for the contract's obligations to be performed.

Condition Subsequent

A condition that operates to relieve or discharge one from his obligation under a contract.