A Contract Between Slim and Goldie May Not Be Assigned

question 53

Multiple Choice

A contract between Slim and Goldie may not be assigned if it

• A)does not expressly permit assignment.
• B)involves a sale of goods.
• C)involves personal services.
• D)is oral.

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Definitions:

Weighted Average Model

A mathematical method that calculates the mean of a set of numbers, where some numbers contribute more significantly to the final average due to their respective weights.

Exponential Smoothing Model

A time series forecasting method that applies weighting factors which decrease exponentially to past observations.

Simple Exponential Smoothing

A time series forecasting method for univariate data that uses a weighted average of past observations, with the weights declining exponentially as the observations get older.

Mean Absolute Deviation

A measure of variability that represents the average absolute difference between each data point and the mean of the dataset.