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MIE 305, Kuzenski (NCSU), Final Exam (Ch: 5, 8, 9, 10) Questions With Correct Answers

MIE 305 Final Exam Review (Chapter 9) What is a "contract"? - ANS A promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty. What are the key elements of a contract? - ANS Agreement, bargained-for consideration, freely entered, legal purpose What's the difference between a bilateral and a unilateral K? - ANS Bilateral is two promises, both parties are the promisor an...

MIE 305 Final Exam Review (Chapter 8) What do we mean by saying property is the ownership of a "bundle of rights"? - ANS Owners of property have certain rights that can be bundled. The amount of ownership one has is determined by the bundle of rights they posses. Property - ANS The acquisition of rights, vested in one or more persons, to possess something and use it to the exclusion of others What are the bundle of rights? - ANS Possession, control, enjoyme...

MIE 305 Final Exam Review (Chapter 10) Mistakes of Fact - ANS Both parties are mistaken about the facts of the contract. Mistakes of Value - ANS A party is mistaken about the value of a consideration Duress - ANS Target is incapable of substantial free will Undue influence - ANS Free will compromised; an individual in a dominate position places substantial stress on a person. What is the effect of incapacitation (incapacity to contract) in contract law? - ANS...

MIE 305 Final Exam Property - ANS (Black's Law Dictionary) is the acquisition of rights, vested in one or more persons, to possess something and use it to the exclusion of others. Freeholds or Fee Simple Absolute(Acquisition Rights) - ANS To hold the full bundle of rights in a property Leasehold (Acquisition Rights) - ANS To hold certain rights contractually in a property from the freehold Possession - ANS The property is legally owned (freehold) by whoever h...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam Questions With Correct Answers

MIE 305 Final Exam What are the "bundle of rights" associated with property ownership? - ANS 1) Control; 2) Possession; 3) Enjoyment; 4) Exclusion; 5) Disposition Possession - ANS The property is legally owned by whoever owns the title. Control - ANS The titled owner (freeholder) controls the use of the property. Enjoyment - ANS Rights-holder can enjoy the property in any legal or contractually agreed manner. Exclusion - ANS Ow...

MIE 305 Final Exam Study Guide Possession - ANS Bundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - ANS Bundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - ANS Bundle of Right that is the means by which the rights-holder can decide how to use the property. Others can violate this through the law of nuisance. Exclusion - ANS Bundle of Right...

MIE 305 Final Exam Contract - ANS a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements - ANS -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exc...

Coaching Principles Test A coach's primary tasks as a logistics manager include managing assistant coaches, team managers, athletic trainers, and other staff. - ANS False For power sports, strength should be 2.5 times the force required to perform the action. - ANS false The training program should take 15 percent or less of the time devoted to an average practice. - ANS false When a coach provides less feedback to an athlete whose performance has improved, the coac...

Principles of Coaching Test 2: Chapter 8 Managing you athletes' behavior Positive discipline - ANS Training that develops self-control in your "disciples"/athletes Mistake - ANS an error in action, calculation, opinion, or judgment caused by poop reasoning, carelessness, insufficient knowledge, etc. Misbehavior - ANS improper, inappropriate, or bad behavior Benefits of positive discipline - ANS attentiveness, enthusiasm, sportsmanship, respecting author...

Coaching Test #2 describe self-fulfilling prophecy - ANS 1. you form certain expectation about each of your players. 2. you communicate those expectations with various cures 3. your athletes respond to these cues by adjusting their behavior to match your expectations. 4. your expectations become true how can you correct errors? - ANS 1. observe and evaluate performance 2. use video in practice and games 3. a positive approach to correcting errors how can you e...

Coaching Principles What is the ASEP philosophy? - ANS Athletes First, Winning Second. -every decision and behavior displayed should be based first on what you judge is best for your athletes, and second on what may improve the team's chances of winning. Why is it important to have a coaching philosophy? - ANS helps you make difficult decisions and coach more successfully. How do you establish a philosophy? - ANS -consists of major objectives (things you value and...

Coaching Test 2 What is included in different dimensions of communication - ANS - Not only sending messages but also receiving them - Verbal and Nonverbal - Content and emotion;Coach Incredible - ANS - Never admits to an error - Doesn't get the respect he demands -Doesn't follow through with what he says - No credibility with athletes;Coach Naysayer - ANS - Most words and actions are negative, sometimes almost hostile - Criticizes athletes - Slow to praise - Cover...

Coaching Principles Test Feedback from others on how they see and react to a coach is a good way to increase the coach's self-awareness. Answer: A - ANS a. true b. false A good way to develop a coaching philosophy is to make as many people happy as possible. Answer: B - ANS a. true b. false What is the drawback when a coach bases her self-esteem on wins and losses in competition? Answer: E - ANS a. The coach loses more athletic events. b. The distance between the co...

Principles of Coaching Test 2 Study Set Skill needed for games approach - ANS Technical, tactical, physical, mental, communication, character development skills Stages of learning - ANS mental stage, practice stage, automatic stage Steps for teaching technical skills - ANS 1. Introduce the skill 2. Demonstrate and explain the skill 3. Practice the skill 4. Correct errors Essential elements of tactical skills - ANS Season strategy (base), game plan, tact...

Coaching Principles Test Feedback from others on how they see and react to a coach is a good way to increase the coach's self-awareness. Answer: A - ANS a. true A good way to develop a coaching philosophy is to make as many people happy as possible. Answer: B - ANS b. false What is the drawback when a coach bases her self-esteem on wins and losses in competition? Answer: E - ANS e. The coach loses some control of her self-esteem. In order for coaches and athletes to...

Coaching Principles Test 2 The key for a coach to develop a philosophy of coaching is to learn more about himself. A - ANS a. true b. false A good way to develop a coaching philosophy is to make as many people happy as possible. b - ANS a. true b. false What should a coach do to get to know his athletes better? b - ANS a. Reveal intimate details about his life. b. Act honestly and let the athletes know his genuine self. c. Avoid explaining how he feels ...