Exhibit 20

question 32

Multiple Choice

Exhibit 20.12.A magician has a coin that may or not be fair.The results of 30 flips of the coin are: H H T H T H H T H H T H H T H T H H H T T T T T H H H H H T. Refer to Exhibit 20.12.At the 10% significance level,the critical value for the test is

• A)1.645
• B)1.96
• C)2.33
• D)2.575

Distinguish between necessary and non-necessary items in contracts with minors.

Identify the legal consequences of breaching contracts.

Understand the role of public policy and legality in contracts.

Identify the conditions under which contracts can be repudiated or ratified upon reaching the age of majority.

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Definitions:

Form Utility

The value added to goods through a change in their form or shape.

Customer Value

A customer's assessment of a product or service's value in relation to competing options.

Marketspace Opportunity

Opportunities for conducting business and selling goods or services through digital or online platforms, as opposed to physical markets.

Customization

Customization is the process of modifying a product or service to meet the specific needs or preferences of an individual customer or a particular market segment.