4. Regarding the contracts in consideration of marriage provision of the Statute of Frauds, which of the following statements is true?

A The Statute of Frauds applies to any agreement made on consideration of marriage, except mutual promises to marry.  

B The Statute of Frauds does not apply to a promise made by a third party in consideration of two other persons.

C The Statute of Frauds applies if the promise is made merely in contemplation of marriage.

D This Statute of Frauds does not apply to a promise to support the child of the prospective spouse.

2. Which of the following is a well-recognized exception to the suretyship contracts covered by the Statute of Frauds?

A The main purpose rule.

B The joint obligor rule.

C The principal-surety rule.

D The special promise rule.

3. Based upon your reading of the Potter v Hatter Farms, Inc. case, which statement was not true regarding the applicability of the doctrine of promissory estoppel?

A Every contract or duty within the Uniform Commercial Code imposes an obligation of good faith.

B The elements of promissory estoppel are actual reliance, definite and substantial change of position and foreseeability to the promissory, as a reasonable person, that the promise would induce conduct of the kind that occurred.

C Promissory estoppel was displaced by UCC 2-201 because this doctrine was not expressly mentioned in that statute.

D Substantial evidence to satisfy the requirements of promissory estoppel was present.

 4. Which of the following statements about a promise by an executor or administrator is not true?

A  A promise by an administrator or executor to pay a claim out of the assets of the decedent’s estate is within the Statute of Frauds.

B The term “within the Statute of Frauds” means that the Statute of Frauds requires a record for this kind of transaction.

C An executor or administrator can promise to pay a debt of an estate from his own funds.

D A promise by an administrator or executor to pay a claim out his own personal funds is within the Statute of Frauds.

Question 1
A(n) __________ is a syllogism in which the major premise is unacknowledged; thus it can address probabilities rather an verifiable information and can employ ethical and emotional arguments as well as logical arguments.

A. logical conclusion
B. false syllogism
C. enthymeme
D. rebuttal
 
 
Question2
The ten most common reasons that proposals are turned down include lack of new or original ideas, absence of acceptable scientific rationale, and:

A. poor grammar and other written conventions.
B. uncertainty concerning the future direction.
C. scope of the work is too narrow.
D. plan is too specifically focused.
 
 
Question 3
Which of the following parts of the proposal explains the methodology that will be used to implement the plan?

A. Approach
B. Benefits
C. Evaluation
D. Plan
 
 
Question4
Proposals are usually intended for management personnel or external readers and may range from __________ pages in length.

A. 2030
B. 50150
C. a few to several hundred
D. 15
 

OilAmerica Inc. (“OA”) operates express oil change shops in Oklahoma. An investment analyst with a private equity fund which owns some of OA’s stock is wanting to estimate the company’s weighted average cost of capital. OA’s Chief Financial Officer told the investment analyst that OA will not invest in any project which cannot earn at least a 17% Free Cash Flow Return on Assets. The company has 6 million shares of stock outstanding and these shares are valued at $55.50 per share. The company has a stock beta that is estimated to be 1.72. Assume the current average stock market return is 14.50% and the relevant current U.S. Treasury Note interest rate in the market is 4.20%. The company also has some bonds outstanding with 9 years to maturity, are trading at $933.00 per bond with a $1,000 face value, and the company has 400,000 of these bonds outstanding. The bonds pay interest annually based on a 7.50% coupon interest rate. OA is planning to issue $100 million of new preferred stock, which will have a par value of $100 per share, dividends per share of $10, and per-share flotation costs of $4.75 per share. The company has a marginal income tax rate of 31%. Calculate to 4 decimal places.
What is OA’s Pre-Tax Cost of Debt? After-Tax Cost of Debt?
Answer
A. 6.7236% and 4.5048%
B. 7.7236% and 5.2188%
C. 8.5994% and 5.9336%
D. 8.6124% and 5.4303%

OilAmerica Inc. (“OA”) operates express oil change shops in Oklahoma. An investment analyst with a private equity fund which owns some of OA’s stock is wanting to estimate the company’s weighted average cost of capital. OA’s Chief Financial Officer told the investment analyst that OA will not invest in any project which cannot earn at least a 17% Free Cash Flow Return on Assets. The company has 6 million shares of stock outstanding and these shares are valued at $55.50 per share. The company has a stock beta that is estimated to be 1.72. Assume the current average stock market return is 14.50% and the relevant current U.S. Treasury Note interest rate in the market is 4.20%. The company also has some bonds outstanding with 9 years to maturity, are trading at $933.00 per bond with a $1,000 face value, and the company has 400,000 of these bonds outstanding. The bonds pay interest annually based on a 7.50% coupon interest rate. OA is planning to issue $100 million of new preferred stock, which will have a par value of $100 per share, dividends per share of $10, and per-share flotation costs of $4.75 per share. The company has a marginal income tax rate of 31%. Calculate to 4 decimal places.
What is OA’s Pre-Tax Cost of Preferred Stock? After-Tax Cost of Preferred Stock?
Answer

A. 5.4348% and 3.6413%
B. 10.4986% and 10.4986%
C. 10.8696% and 10.8696%
D. 10.8696% and 7.2826%

1.) Making the statement “So far I have explained three common methods to eliminate exposed asbestos in your facility” is an example of __________ the presentation.                                                                                       A. including summaries in 

B. using transitions in 

C. previewing the organization of 

D. drawing conclusions from facts presented in 

2.) When using flip charts or posters in a presentation, the people in the last row should be able to easily read the information on the visual; allow __________ of letter height for every ten feet of audience.                   A. 1/2 inch 

B. 1 1/2 inches 

C. 1 inch 

D. 2 inches 

3.) Which of the following statements is true about handouts?                                               

A. Handouts should provide only the key points of your presentation; otherwise, your audience will read the handouts instead of listening to you. 

B. You should always give the handout at the very beginning of the presentation. 

C. Handouts should be presented as loose pages so that the participants can bind them in their preferred manner. 

D. In a long set of handouts, it is easier for the audience to “turn to the page following the blue page divider” than to “turn to page 9 in your handout.” 

4.) Correspondence is different from other genres of technical communication; examples of correspondence include:                                                                                   

A. reports. 

B. e-mail and memos. 

C. training manuals. 

D. technical instructions.

1 In which of the following groups of people in the U.S. would the incidence of poverty be the greatest? 
A. Black families with a female head 
B. All families of seven or more members 
C. Farmers and farm laborers 
D. Families whose head is age 65 or over 

2 Which of the following groups has the lowest median income in the United States? 
A. Married couples with both spouses working 
B. Female-headed families with no husband present 
C. Male-headed families with no wife present 
D. Married couple families with the wife not working

3.  Carl is in a car accident caused by Frank. Carl was able to collect damages and medical expenses from his own insurance company even though fault had yet to be determined. Carl probably lives in a state that
requires __________ insurance.
A. liability
B. no-fault
C. uninsured motorist
D. collision

4.  Tom gave a mortgage to Big Bank. Big Bank failed to record the mortgage. Then Tom gave a mortgage to Second Bank. Second Bank recorded the mortgage and didn’t know about the mortgage to Big Bank. After Second Bank recorded, Big Bank recorded its mortgage. After both mortgages are recorded,
Tom defaults on both debts. Which of the following statements is true?
A. If these are the only two mortgages on the property, they’ll share the proceeds pro-rata based on the amount due each.
B. Tom doesn’t owe the debt to Big Bank because Big Bank failed to record the mortgage promptly.
C. Big Bank has a first mortgage.
D. Second Bank has a first mortgage.