Bayes' theorem allows decision makers to incorporate additional information to revise their probability estimates of various outcomes

Indicate whether the statement is true or false

TRUE

Business

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Where appropriate, analysis of past information and forecasts of trends should be carried out at the firm's department level

Indicate whether the statement is true or false

Business

A manufacturer agreed to ship items at a price of $2,000 to a retailer. The retailer's normal profit on its sale would be $1,000. The manufacturer failed to ship the goods. They are easily available elsewhere

Based on these facts what is the retailer's best remedy? A) Specific performance B) Damages C) An accounting D) An injunction E) Quantum meruit

Business