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Ratio decidendi - Answer Reasoning behind the decision, a statement of law that was an essential step in deciding the case. Binding Obiter Dicta - Answer Statement of law made in a case which are not a necessary part of the courts reasoning. Not binding but may be persuasive in later cases Criminal Case - Answer initiated by the crown or crown agency to determine if the defendant is guilty of a crim Civil Case - Answer disputes between legal persons regarding the leg...

Types of Business Organizations - Answer -sole proprietorship -general proprietorship -limited partnership -corporations Sole Proprietorship - Answer -A business owned by one person -no separation between business and owner (income, obligations, debts, loss) -suitable for small businesses Advantages of Sole Proprietorship - Answer -simple start -tax Disadvantages of Sole Proprietorship - Answer -unlimited personal liability -money raised only by personal borro...

1 - Answer Contracts between parties of unequal bargaining power that are unfairly advantageous to the powerful parties have long been considered a. bilateral contracts and void. b. unilateral contracts and voidable. c. unconscionable contracts and voidable. d. non est factum. e. contrary to the Criminal Code of Canada. - Answer c Diff: 3 Type: MC Topic: Consumer Protection Skill: Applied 2 In executing its discretion to grant relief when a party makes a mistake abou...

Misrepresentation - Answer a false statement of an existing fact that causes recipient to enter into a contract. misrepresentation legal test - Answer False Statement of Fact + Inducement to Contract misrepresentation legal consequences - Answer - Contract: Rescission + Restitution (unless this is impossible) - Tort: Damages for fraudulent misrepresentation or negligent misrepresentation (unless innocent) capacity - Answer legal power to give consent incapacity t...

Factors of Risk Management - Answer -Risk avoidance -Risk reduction -Risk shifting -Risk acceptance Insurance - Answer is a contract in which one party agrees, in exchange for a price to pay a certain amount of money if another party suffers a loss. Types of Insurance - Answer -Liability -Property Liability Insurance - Answer provides a benefit if the purchaser is held liable for doing something wrong Property Insurance - Answer provides a benefit if the ...

Expectation Damages - Answer represent the monetary value of the benefit that the plaintiff expected to receive under the contract. Expectation damages are forward looking - Answer they are intended to create the position that the plaintiff expected to enjoy after the defendant properly performed. Expected Damages = - Answer Expected Benefits - Expected Costs Expected Damages Factors - Answer 1. difficulty of calculation 2. cost of cure or loss of value 3. alternat...

How to solve a legal question? - Answer I - Issue R- Rule A - Analysis C - Conclusion Tort Law - Answer includes almost every sort of private law wrong outside breach of contract Types of torts - Answer strict liability, intentional, negligence Strict liability - Answer Applies to very risky activities caused by wild or exotic pets or wandering cattle. no intention no carelessness the fact that it happened is enough Inentional - Answer Committing b...

Risk Management - Answer is the process of identifying, evaluating and responding to the possibility of harmful events Law - Answer a rule that can be enforced by the courts Civil Law - Answer systems trace their history to ancient Rome Jurisdiction - Answer a geographical are that uses the same set of laws Common Law - Answer systems trace their history to England Public Law - Answer is concerned with governments and the ways in which they deal with ...

law - Answer a set of principles and rules that courts will enforce how is law sanctioned? - Answer formally how is morality sanctioned? - Answer morally 4 types of ethical reasoning - Answer consequences, justice and fairness, rights and duties, character and virtue Ethical reasoning: consequences - Answer the greatest good for the greatest number ethical reasoning: justice and fairness - Answer give people their just desserts, pay your debts, mainta...

1 Exam (elaborations) C722- UNIT 5 -Project Management Questions and All Correct Answers 2026 Update. 2 Exam (elaborations) C722- Project Management-Questions Well Answered 2026 Updated 3 Exam (elaborations) C722- Unit Module 18-WGU Project Management Questions and All Correct Answers.

What does PERT stand for - Answer Project evaluation and review technique What does CPM stand for? - Answer Critical path method What does CCPM stand for? - Answer Critical chain project management What is The Waterfall method? - Answer a traditional practice which found its best use in software and hardware development. What does PRINCE2 stand for - Answer Projects in controlled environments ____________________Developed in the 1950s for the U.S. Navy, th...

Which of the following is an activity or group of activities to generate a new, unique product, service, or results to support a program?A.Portfolio B. Project C. PMI D. Project charter - Answer B Which of the following is the process of communicating and interacting with stakeholders in a way that keeps them interested and focused on their involvement in the project? A. Communication management B. Interface management C. Stakeholder engagement D. Influence management - Answer ...

True or False: Plans are created to identify people who are not doing their jobs. - Answer False: To determine how to get the job done True or False: The project scope statement is all that is needed to complete all project planning. - Answer False: The scope statement is only one of several docs needed to generate planning. True or False: As long as we have a complete checklist, we can be assured that all planning for the project is complete. - Answer False A checklist...

A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm's project? a. Independent operations b. Interdependent tasks c. Regulatory concept d. External environment - Answer b. interdependent tasks A firm begins its strategic bus...

A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm's project? - Answer Interdependent Tasks A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness. What can be identified as a strategic b...

Interdependent tasks - Answer A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm's project? Improvement in product design - Answer A firm begins its strategic business initiative of developing a new business model to enhance its competit...

1 Exam (elaborations) C722-Project Management- Unit Test Questions Fully Solved 2026 Update. 2 Exam (elaborations) C722- Unit 5, Module 14, 15-Project Management Quiz with Complete Solutions. 3 Exam (elaborations) C722- Unit 4 Modules 10, 11-WGU Project Management-Questions Fully Solved.

scoring - Answer PERT - Answer Which of the following was developed in the 1950s and uses a statistical approach to estimate the time that will be required to complete project work activities? waterfall - Answer Which of the following project management methods is used in software/hardware development and has a process that flows in a logical, linear fashion? CPM - Answer is used for estimating project activity durations and it assumes that the estimates do not vary...

You are trying to figure out how best to determine estimated activity durations for several tasks. Which project management method could you use? a. Critical chain project management (CCPM) b. Waterfall c. PERT d. Command and control - Answer c. PERT PERT uses a statistical approach to estimate activity duration times. Because you want to be able to coordinate your project activities, the _________ is the best standard to use for your restaurant project. a. PRINCE2 b...

What are the phases of the Project Life Cycle? a. scope, budget, time b. budget, plan, execution, close c. define, plan, execution, close - Answer c. define, plan, execution, close What is triple constraint? a. scope, budget, schedule b. define, plan, execute c. balance, tradeoff, communication - Answer a. scope, budget, schedule What is an example of information that might be found in a project proposal? a. Low-level estimate of the costs b. Project charter c. R...