Management Science
Test Preparation
Course Introduction
Management Science is a discipline that uses quantitative and analytical methods to aid decision-making in organizations. The course covers essential techniques such as linear programming, decision analysis, simulation, forecasting, and inventory management, emphasizing their application to real-world business problems. Students will learn to construct mathematical models, interpret data, and utilize computerized tools to optimize operational efficiency, resource allocation, and strategic planning. The goal is to equip students with skills to tackle complex management challenges and drive effective solutions in diverse organizational environments.
Recommended Textbook Operations Management Sustainability and Supply Chain Management 3rd Canadian Edition by
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16 Chapters
2561 Verified Questions
2561 Flashcards
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Page 2
Chapter 1: Managing Your Legal Affairs
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127 Verified Questions
127 Flashcards
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Sample Questions
Q1) The decision to enter into the lawyer-client relationship should be
A)made quickly to ensure that no one else can retain your lawyer.
B)solely up to the lawyer,as he or she is the one with the legal training.
C)made primarily on the basis of cost.
D)a mutual decision made primarily on the basis of trust.
E)solely up the client,as the client is the one paying for the services.
Answer: D
Q2) A lawyer referral service
A)will enable a businessperson to retain a lawyer without need for an initial consultation.
B)is an online fee-based service providing guaranteed results.
C)regulates the legal profession in the interest of the public.
D)provides the names and phone numbers of lawyers who practice in a particular area of law.
E)is also known as "Legal Aid".
Answer: D
Q3) What is a provincial law society and what is its mandate?
Answer: A provincial law society is a self-governing body for lawyers in a province.Its mandate usually involves regulating the legal profession in the public interest.
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Page 3
Chapter 2: Introduction to the Legal System
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162 Verified Questions
162 Flashcards
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Sample Questions
Q1) Explain the role of human rights tribunals.
Answer: Both the federal and the provincial governments have set up special human rights tribunals authorized to hear complaints of human rights violations,to investigate,and,where appropriate,to impose significant sanctions and remedies.There are time limits to consider: a complaint before the CHRC,for example,must be filed within 12 months of the alleged incident.The Commission then proceeds to attempt settlement of the complaint through conciliation and investigation.If all else fails,a tribunal hearing is convened.
Q2) Three decades ago,discrimination based on sexual orientation was specifically prohibited.
A)True
B)False
Answer: False
Q3) Explain how the rights set up in the Charter of Rights and Freedoms are limited.
Answer: 1.The Charter only applies to public matters and government relations. 2.Section 1 of the Charter limits the rights and freedoms so that they can be interfered with when "demonstrably justified in a free and democratic society." Section 33,the "notwithstanding clause," allows the provinces or the federal government to override Section 2 or Sections 7-15 by so declaring in the legislation.
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Page 4
Chapter 3: The Resolution of Disputes: The Courts and Alternatives to Litigation
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221 Verified Questions
221 Flashcards
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Sample Questions
Q1) (Modify this question for your province.)Explain what is meant by filing an appearance.
Answer: An appearance is the document filed by the defendant that indicates that he wants to contest an action after he receives the writ of summons.This must be filed within a short period of time
Q2) Distinguish the prerogative writ certiorari from mandamus.
Answer: Certiorari involves an order that declares the decision of no effect or void.Mandamus is an order to the decision maker to do his or her job and make the decision.
Q3) Indicate the differences in the standards of proof between a civil and a criminal trial. Answer: More likely to be right than not in a civil matter ("balance of probabilities"),but "beyond a reasonable doubt" in a criminal matter.
Q4) What is the name given to the hearing held to determine the assets of the debtor and how they can be made to pay the judgment?
Answer: Examination in aid of execution.(In Alberta,examination in aid of enforcement,or questioning of debtor.)
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Page 5
Chapter 4: Intentional Torts and Torts Impacting Business
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152 Verified Questions
152 Flashcards
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Sample Questions
Q1) Distinguish between a tort and a breach of contract.
Q2) Businesses that deal directly with the public may find their employees becoming involved in altercations with customers.Explain,providing examples,how these altercations may lead to actions against the business.
Q3) Historically,libel was seen as more deliberate and more permanent than slander,and therefore more harmful.Today,means of mass communication give slander a potentially huge audience,so the rationale for distinguishing between them is breaking down.Explain how the law is changing in light of this.
Q4) "The person who committed the assault and battery must have intended to hurt the other person." Comment on the accuracy of that statement.
Q5) When a court hears a breach of contract dispute,its job is to
A)punish the offender.
B)help the plaintiff.
C)protect the state.
D)compensate the victim of the breach.
E)reward the defendant.
Q6) Discuss the principles underlying the Personal Information Protection and Electronic Documents Act and its application.
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Chapter 5: Negligence,Professional Liability,and Insurance
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156 Verified Questions
156 Flashcards
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Sample Questions
Q1) In which of the following would the plaintiff not succeed in an action for negligence?
A)A real-estate agent accidentally forgot to lock the back door of the house he had just shown.Before the owner returned,someone broke in and stole the TV.The owner sued the agent.
B)A real-estate agent failed to check the zoning and assured the purchasers that they could build a duplex on the property.Relying on that statement,they purchased the property.
C)Shunan was made sick by drinking a contaminated cola bought for her by her friend Fred.She sued the manufacturer.
D)Dr.Alberts used the skill of a reasonable doctor in that field,but the patient did not respond to the treatment and lost hearing in one ear.She sued the doctor.
E)Pradeep was hurt when a driver of a Gino's pizza truck carelessly ran through a yellow traffic light on his way to deliver a pizza.Pradeep sued the driver and Gino,his employer,although Gino wasn't even in the truck.
Q2) Historically,how did the law treat negligent misstatement differently than negligent misconduct?
Q3) Distinguish between a licensee,an invitee,and a trespasser.
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Chapter 6: The Elements of a Contract: Consensus and Consideration
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Sample Questions
Q1) When you pay for an option,this prevents a person from revoking his offer before the expiration of the specified time.
A)True
B)False
Q2) Distinguish between a void and a voidable contract.
Q3) What must be present in an offer before it qualifies as such?
Q4) Mo drove his car to a shopping mall and parked it there to attend a movie.The place where he parked was designated as a one-hour parking space on a sign at the entrance where Mo drove in.There were many similar signs around the shopping mall stating that people were parking their cars at their own risk.This particular sign said that the time limit for parking there was one hour,and as a term of the contract anyone parking over this one-hour limit would have to pay a fee of $60.When Mo got out of the movie,he found a ticket on his car (a demand for payment of the $60).He refused to pay and was sued.What would be Mo's defence in these circumstances?
Q5) Acceptance of an offer by email or web-based communication can create certain difficulties.What can be done to minimize the impact of such problems?
Q6) What is a "subject-to clause"?
Q7) Explain the nature of the postbox rule.
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Chapter 7: The Elements of a Contract: Capacity, Legality, and Intention
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162 Verified Questions
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Sample Questions
Q1) Which of the following statements is correct with respect to the legality of contracts?
A)A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which court precedent considers morally unacceptable.
B)When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources,this is legally permissible as long as they intend their promises to be legally binding.
C)Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
D)An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.
E)An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.
Q2) How do the courts determine whether a customer should have taken an exaggerated claim seriously?
Q3) Explain what is meant by "necessary."
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Chapter 8: Factors Affecting the Contractual Relationship
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Sample Questions
Q1) Where the misleading statement being complained of was an expression of opinion rather than fact,it is not actionable,even if the person making the statement was an expert.
A)True
B)False
Q2) A provision in equity whereby one person transfers property to a second person obligated to use it to the benefit of a third is known as ________.
Q3) Explain what is meant by "privity of contract."
Q4) Joe owned an apartment building and entered into a contract with Sam whereby Sam would operate the apartment building but the proceeds from the rent and profits would be distributed among Joe's children.If Joe were to die and Sam were to refuse to pay out any profits to the children,what could they do?
Q5) Explain what is meant by a collateral contract.
Q6) Explain why agency is not really an exception to the privity rule.
Q7) A misrepresentation must be a false statement of fact unless it is a statement by an expert.
A)True
B)False
Q8) Explain what is meant by a "trust."
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Chapter 9: The End of the Contractual Relationship
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Sample Questions
Q1) When a condition is breached,the victim can only sue for damages but must continue to perform their obligations under the contract.
A)True
B)False
Q2) Explain what restrictions are put on the effect of exemption clauses (sometimes referred to as exclusion or exculpatory clauses)in a contract.
Q3) What is the importance of the distinction between a breach of warranty and a breach of condition?
Q4) When a contract anticipates some catastrophic event,such as a riot,invasion,earthquake,or flood that will interfere with the performance of the contract,this is referred to as a
A)force majeure clause.
B)condition precedent.
C)"subject to" clause.
D)condition subsequent.
E)frustration clause.
Q5) Indicate three conditions under which a contract may come to an end on the basis of frustration.
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Chapter 10: Agency and Partnership
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Sample Questions
Q1) Which of the following statements best describes a partnership?
A)Partnership involves two or more persons carrying on business with a view towards profits.
B)Partnerships involve limited liability.
C)Partnerships are created when two or more persons specifically agree to be in partnership.
D)Partnerships are only created when they have been properly registered with the government.
E)Partnerships are like any other form of contract; they can only be created when there is consensus between the parties in the form of offer and acceptance to that effect.
Q2) For an agency agreement to be binding between the principal and agent,what is required and what is the effect if a required element is not met?
Q3) Societies are separate legal entities,separate and apart from the members who make them up.
A)True
B)False
Q4) Explain how the authority of an agent may be terminated.
Q5) Explain how a person's status as a limited partner could be lost.
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Chapter 11: Corporations
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Sample Questions
Q1) What is typically the most expensive form of business organization to create and maintain?
Q2) If a director fails in his duty to the corporation,what rights does a minority shareholder have to hold him accountable?
Q3) Under what circumstances will preferred shareholders of a corporation be allowed to vote?
Q4) Joe was the director of XYZ Corporation,and the corporation was experiencing some financial difficulties.The shareholders had received dividends over the years,and this year insisted that they be paid a similar dividend,despite the fact that the corporation did not have enough reserved funds to pay off its debts.Joe,along with the other directors,complied with this request,and a few months later,the corporation was unable to pay a required payment on a bank loan.What can the bank do in these circumstances?
Q5) Explain the nature of the "corporate myth."
Q6) What happens if annual returns are not filed for a corporation?
Q7) Distinguish between a bond and a share.
Q8) Distinguish between selling the assets of a corporation and selling its shares.
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Q9) The separate existence of a corporation is said to be a legal myth.Discuss the development of this myth and its value in our society today.
Chapter 12: Employment
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164 Verified Questions
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Sample Questions
Q1) Which of the following is correct with respect to the law of collective bargaining?
A)All employees have the right to individually choose whether they will become members of a union when they are hired.
B)A union shop requires that employees become members of the union when they are hired.
C)The public has a legal obligation to honour a properly constituted picket line during a lawful strike or lockout.
D)Under the Charter of Rights and Freedoms,all employees have the right to belong to trade unions and to strike.
E)Employees can strike only where the employer has clearly breached the terms of the collective agreement.
Q2) Indicate three obligations of an employee in an employment relationship.
Q3) "When one person does work for another,they can be either an agent,an independent contractor,or an employee." Discuss the accuracy of this statement.
Q4) What is the significance of determining that an employment relationship exists,aside from the statutory significance,employment insurance benefits,workers' compensation benefits,etc.?
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Page 14
Chapter 13: Intellectual Property
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Sample Questions
Q1) In Canada,the Federal Court of Appeal recently allowed for a patent of methods of carrying on business,but business method patents have been available in the United States for some time.
A)True
B)False
Q2) What is an Anton Piller order?
Q3) A patent gives the exclusive right to produce,market,and sell a new invention.
A)True
B)False
Q4) What kinds of things are protected as industrial designs?
Q5) The Patent Office will conduct a search of patent records for you to determine that the invention is original and unique.
A)True
B)False
Q6) Distinguish between a trademark action and a passing-off action.
Q7) In order to successfully sue someone for violation of trademark,what must be established?
Q8) Identify the impact the Internet and other forms of electronic communication have had on intellectual property.
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Chapter 14: Real and Personal Property and Protection of the Environment
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131 Verified Questions
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Sample Questions
Q1) Distinguish between a bailment for value and a gratuitous bailment.
Q2) Indicate three ways that the laws related to residential tenancies have been modified by statute in your jurisdiction.
Q3) The bailee is not liable for damage done to goods while they are in his/her possession.
A)True
B)False
Q4) Historically,the mortgage transaction involved the mortgagee transferring title to the property to the mortgagor as security for the loan.
A)True
B)False
Q5) What is meant by a reversionary interest in a life estate?
Q6) The separation or division of joint ownership is referred to as severance.
A)True
B)False
Q7) Does the principle of frustration apply in landlord and tenant relationships?
Page 16
Q8) When a person buys property but under the title is prevented from building certain types of structures or carrying on certain types of activities at that location,this is called
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Page 17
Chapter 15: Priority of Creditors
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Sample Questions
Q1) What are the practical consequences affecting the individual who declares personal bankruptcy?
Q2) A purchase money security interest
A)will be automatically subordinate to any general security agreement,even if registered within the specified time period.
B)will prevail over a general security agreement covering all of a merchant's assets if it registered within the specified time period.
C)is also known as a floating charge.
D)is now obsolete in light of the Personal Property Security Act.
E)is prohibited in most provinces.
Q3) When a security interest is taken on personal property in a PPSA jurisdiction,the borrower temporarily transfers title to lender.
A)True
B)False
Q4) What obligations are placed on the owner of property in respect of builders' liens?
Q5) Discuss the bankruptcy and insolvency process from the point of view of the creditor,indicating how that creditor's interests are or are not protected.
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18
Chapter 16: Sales and Consumer Protection
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Sample Questions
Q1) Which of the following is primarily liable on an accepted bill of exchange?
A)Drawer of the bill
B)Drawee or acceptor
C)Endorser
D)Payee
E)No one
Q2) When a buyer defaults,the seller has an unpaid ________ against the goods.
Q3) The sale of goods anticipates the transfer of possession but not necessarily property rights from the seller to the purchaser.
A)True
B)False
Q4) Give examples of three federal acts that have consumer protection aspects to them.
Q5) Explain under what circumstances the sale of goods must be evidenced by writing.
Q6) Sam went to Joe's garden shop and agreed to purchase a particular bin of bark mulch.The seller,Joe,agreed and said that he would just weigh it,figure out the price,and deliver it tomorrow.In the meantime,who has title to the bark mulch?
Q7) Explain what obligation the Sale of Goods Act puts on the seller with respect to fitness and quality.
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