A Canadian Multinational Was Interested in Developing a Market in a Third-World

question 12

True/False

A Canadian multinational was interested in developing a market in a third-world country, which had once been communist, and was moving to a free enterprise system. It negotiated with the government to buy and resurrect the fledging state-owned automobile industry. After presenting a contract under seal, the company got "cold feet" and decided to back out of the deal. The contract will be enforced against the company because the application of a seal together with a signature is considered to represent consideration for the contract.

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Definitions:

Multiple Correlation

A statistical technique that measures the strength of a relationship between one dependent variable and two or more independent variables.

Correlation

A statistical measure that expresses the extent to which two variables change together, and thus how well one variable predicts the other.

Regression

A statistical method for examining the relationship between a dependent variable and one or more independent variables.

Degrees Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.