Fed Up with Her Working Conditions at the Call Center

question 19

Multiple Choice

Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?

• A)Her forecasts will probably be 100% accurate.
• B)Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
• C)Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
• D)The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.

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Definitions:

Seal

A formal mode of expressing the intention to be bound by a written promise or agreement. This expression usually takes the form of signing or affixing a wax or gummed paper wafer beside the signature, or making an engraved impression on the document itself.

Privity of Estate

A legal concept that refers to the relationship between parties whose interests in a piece of property are intertwined.

Privity of Contract

A principle stating that only parties to a contract have the right to sue or be sued under the terms of the contract.

Privity of Reversion

A legal concept relating to the rights of individuals who have a future interest in property currently possessed by another.