If Machine Maintenance Is Scheduled at a Time When Production

question 53

Multiple Choice

If machine maintenance is scheduled at a time when production is at a low level, then ________.

• A) low production is the cost driver of high repair costs
• B) an understanding of operations is needed to determine an appropriate cost driver
• C) low production should be avoided since it is the cause of machine maintenance
• D) machine maintenance cannot be accurately predicted

Recognize the limitations on remedies for innocent misrepresentations and the conditions for rescission.

Distinguish between different types of assignments and their enforceability in court.

Understand the principle of privity of contract and its exceptions, including the role of novation.

Appreciate the purpose and scope of contract law, including the doctrine of non est factum and its defenses.

---

Definitions:

Principle-Centred

An approach or philosophy that emphasizes the importance of adhering to a set of core values or principles to guide decision-making and actions.

Government Laws

Statutes and regulations established by the legislative bodies of governments to dictate behavior, enforce order, and provide a basis for justice.

Ethical Behaviour

Conduct that is in accordance with accepted principles of right and wrong governing the professional and personal actions of individuals.

Amoral Manager

A manager who fails to consider the ethics of her or his behaviour.