A Widget Fails 12 Times in 600 Hours of Operation

question 58

Multiple Choice

A widget fails 12 times in 600 hours of operation.The failure rate of the widget is ______.

• A)0.02
• B)0.03
• C)0.01
• D)0.05

Grasp the concept and application of viral marketing.

Recognize the utility of advanced digital marketing tools such as QR codes, widgets, and virtual currencies.

Understand the classification of online consumers according to Forrester Research's social technographics.

Identify strategies for engaging different types of online consumers based on Forrester Research's classifications.

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Definitions:

Parol Evidence Rule

A legal principle that prohibits the use of oral or extrinsic evidence to contradict, vary, or add to the terms of a written contract.

Collateral Promise

A secondary promise to pay another person's debt only if that person fails to pay.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Oral Contract

An agreement between parties spoken out loud and not written down, yet still legally binding under certain conditions.