Which of the Following Mistakes Is Most Likely to Prevent

question 65

Multiple Choice

Which of the following mistakes is most likely to prevent the creation of a contract?

• A)A stockbroker is mistaken about the future value of a technology company and buys stock on that basis.
• B)A house deal closes money and keys are exchanged,then both parties find out that the house had been completely destroyed by fire between the time of the original contract and the closing of the contract.
• C)A grocery supplier fills an order for 5000 cans of beans but mistakenly sends only 500 cans.
• D)A bean wholesaler ships 5000 cans of golden wax beans to a customer who thought that he was ordering 5000 cans of corn.
• E)A person agrees to a standard form contract on the internet by clicking the mouse on the "I Agree" icon.

Recognize the importance of fostering an ethical corporate culture to prevent misconduct.

Understand the impact of top management's focus on financial performance on ethical behavior.

Recognize the benefits of ethics training and its goals in promoting ethical decision-making.

Understand the basic theories of emotion and their implications on behavior and psychological states.

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Definitions:

Sample Variances

A measure of dispersion calculated from a sample of a population, representing the average of the squared deviations from the sample mean.

Population Variances

Population variances measure the dispersion of all data points in a population around the population mean, reflecting the overall variability within that population.

Significance Level

A threshold of probability set before conducting a hypothesis test, below which the null hypothesis is rejected, symbolized as alpha (α).

Standard Deviation

Standard deviation is a statistical measure that quantifies the variation or dispersion of a set of data points or values around their mean.