If a contract does not clearly specify that the satisfaction is to be personal, the ______________ standard applies.
Answers
If a contract does not clearly specify that the satisfaction is to be personal, the standard that applies is the objective standard.
This means that the satisfaction of the contract is based on what a reasonable person would expect, rather than the subjective feelings or personal satisfaction of the parties involved. In other words, if the contract does not specify that the satisfaction is to be personal, the satisfaction must be measured against a standard of reasonableness.
This standard is often used in contracts where personal satisfaction is not relevant or where it would be difficult to measure. For example, in a contract for the sale of goods, the standard of satisfaction may be based on whether the goods conform to certain specifications or meet certain quality standards.
When a contract does not explicitly state that satisfaction is to be personal, the "objective standard" applies. This means that the performance of the contract must meet a generally acceptable level of quality and fulfilment, as determined by a reasonable person. The objective standard is used to prevent disputes and ensure fairness in the execution of contracts, as it sets a common baseline for both parties to understand and adhere to.
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Related Questions
why are high rates of unemployment of concern to economists
Answers
Answer:
High rates of unemployment are linked to higher crime rates and other social problems.
Explanation:
A larger of the nation's labor resource is going unutilized. There is lost output that could've have been produced if the employed had been working.
Answer:Higher rates of unemployment are linked to higher crime rates and other social problems., A larger fraction of the nation's labor resource is going unutilized., There is lost output that could have been produced if the unemployed had been working.
Economics Ch.23 practice Flashcards - Quizlet
your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less than it used to be. explain what she means. try to use and explain terms like inflation and deflation in your answer
Answers
Back then. A dollar was worth WAYYYYY more than it is now. back then you could buy a lollipop for a like a penny. However as time went on we went through deflation and prices went down
The sales representatives at AdVance have been told by the CEO that they need to start using social media every day to help them close sales. Most of these reps are already using social media personally, but have not been using it in a business setting. Describe what is the best strategy for them to use to follow the CEO's request?
Answers
Answer: D) Interact more actively with clients and potential clients on social media, but without pushing business.
Explanation:
The options given are:
A) Post statistics and benefits of AdVance fertilizers on their personal accounts.
B) Begin work accounts that are separate from their personal accounts, and focus on posting images sent from the marketing department.
C) Send private messages to all their personal friends on social media asking them to purchase AdVance fertilizer.
D) Interact more actively with clients and potential clients on social media, but without pushing business.
E) Post photos of their vacations and purchases to show that they are successful at AdVance.
Based on the scenario portrayed in the question, the best strategy for them to use to follow the CEO's request is for the sales representatives to interact more actively with clients and potential clients on social media, but without pushing business.
Social media is a platform for people to interact, discuss issues and pass messages across to each other. Hence,
through the interaction with clients, the sales representatives can discuss new products and ask about the well being of their customers and clients which will help in enhancing customer relationships.
Interaction with customers can also help in building loyal customers and having a long lasting relationship with them. Customers are vital for businesses and it's vital for companies to always protect and keep them.
What are tic tac like what is good for you
Answers
Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).
Explanation:
They are NOT good for u. :(
You are in charge of planning an intent for you that will cost $450,000 today. The investment is expected to produce a cash flow of $450,000 in your one. Each of the following yours the cash flow is 10 points expected to grow by 10% ull the project stop in years. That is the cash flowiny2 will be 10% larger than the cash flow in year and the cash flow in year I will be 10% larger than the cash flow in year 2 and Moon up to years. The discount rate your time for such a project is 10%. but the CFO is wondering how much the NPV would change byfa werscount rate was used toad-what is the change in NPV going from a discount of 10% to round to the nearest dolar?
Answers
The change in NPV going from a discount rate of 10% to 8% is approximately $54,909 (rounded to the nearest dollar).
To calculate the change in NPV when the discount rate changes from 10% to another rate, compute the NPV at both discount rates and compare the difference.
Given:
Initial investment (Year 0) = -$450,000
Cash flow in Year 1 = $450,000
Cash flow in Year 2 = $450,000 * 1.1 = $495,000
Cash flow in Year 3 = $495,000 * 1.1 = $544,500
Discount rate = 10%
To calculate the NPV at a discount rate of 10%, we discount each cash flow to its present value and sum them up:
NPV (at 10%) = (Cash flow in Year 1 / (1 + discount rate)^1) + (Cash flow in Year 2 / (1 + discount rate)^2) + (Cash flow in Year 3 / (1 + discount rate)^3) - Initial investment
NPV (at 10%) = ($450,000 / (1 + 0.1)^1) + ($495,000 / (1 + 0.1)^2) + ($544,500 / (1 + 0.1)^3) - $450,000
NPV (at 10%) = $409,090.91 + $413,223.14 + $416,006.71 - $450,000
NPV (at 10%) ≈ $788,320.76
Now, to calculate the NPV at a different discount rate, let's assume a rate of 8%:
NPV (at 8%) = ($450,000 / (1 + 0.08)^1) + ($495,000 / (1 + 0.08)^2) + ($544,500 / (1 + 0.08)^3) - $450,000
NPV (at 8%) = $416,666.67 + $431,174.84 + $445,387.82 - $450,000
NPV (at 8%) ≈ $843,229.33
Now we can calculate the change in NPV:
Change in NPV = NPV (at 8%) - NPV (at 10%)
Change in NPV ≈ $843,229.33 - $788,320.76
Change in NPV ≈ $54,908.57
Therefore, the change in NPV going from a discount rate of 10% to 8% is approximately $54,909 (rounded to the nearest dollar).
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10)
How might a mission statement help Donna with her new
business?
Answers
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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in the past, internet service provided had cyber-attacks which led to down time. manufacturing networked cyber-physical systems/iot provides a service through internet to your organization and they claim that their service will be available three nines (99.9% up in a year) throughout the year for entire agreement/contracting period. what will be the typical minimum down time of their service based on this given agreement information?
Answers
Based on the information provided, the manufacturing networked cyber-physical systems/iot provider is claiming a service availability of three nines or 99.9% uptime for the entire agreement/contracting period.
This means that the service can be expected to be unavailable for a maximum of 0.1% of the time, or 8.76 hours in a year (365 days x 24 hours per day x 0.1%). However, the question asks for the typical minimum downtime, which is a slightly different concept. The minimum downtime would depend on the actual performance of the service provider. If the provider consistently meets or exceeds the three nines uptime guarantee, then the minimum downtime would be 8.76 hours per year. However, if the provider experiences outages or other issues that cause the service to be unavailable, the minimum downtime could be higher than 8.76 hours. It's worth noting that even with a 99.9% uptime guarantee, there is still a possibility of downtime or service interruptions. Organizations should have contingency plans in place to mitigate the impact of any downtime and to ensure that critical business processes can continue in the event of a service interruption.
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What is a cover letter?
Answers
Answer:
A clover letter is a letter that you usually turn in with your resume and it usually has more detailed information about your skills and why you're good for the job.
Explanation:
Answer:
A clover letter is a letter that you usually turn in with your resume and it usually has more detailed information about your skills and why you're good for the job.
Explanation:
While parked on the street overnight, the driver's side mirror of Sam's car is knocked off by a passing car. The driver flees the scene because they don't have insurance, so Sam never finds out who hit his car. Which type of auto insurance coverage will help cover the cost to get the mirror replaced
Answers
The portion of a bill that you pay for a good or service that is covered. In contrast to copays, which are fixed amounts, coinsurance represents a proportion of the service's cost. The coinsurance is the amount you're responsible for paying after your deductible is reached if your health plan offers one.
Your vehicle, driving style, demographics, and the coverages, limitations, and deductibles you select are a few variables that could have an impact on your auto insurance prices. These elements could consist of things like your age, the anti-theft equipment in your vehicle, and your driving history. the monthly premium you pay for health insurance.
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which primary stakeholder is concerned with resources to achieve profits?
Answers
The primary stakeholder concerned with resources to achieve profits is typically the shareholders or owners of a company.
Shareholders invest their capital into a business with the expectation of generating returns in the form of profits. They are particularly interested in the efficient allocation and utilization of resources within the company to maximize profitability and increase the value of their investment.
Shareholders often assess the company's financial performance, profitability ratios, and overall return on investment (ROI) to gauge the success of their stake in the organization.
By monitoring and influencing strategic decisions, such as cost management, revenue generation, and capital allocation, shareholders aim to ensure that the company optimizes its resources to drive profitability and deliver financial gains for their investment.
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According to the video, what tasks do Traffic Technicians commonly perform? Check all that apply.
setting the length of time a light stays red
operating large vehicles
counting vehicles
making sure a road crew is protected
analyzing accident reports
campaigning for transportation laws
negotiating with police officials
Answers
Answer:
1
3
4
5 is correct
Explanation:
the length of time a light remains red, counting vehicles, reviewing accident data, and advocating for traffic rules are some of the activities that traffic technicians frequently carry out, according to the video.
What do you know about the Traffic Technicians ?A qualified individual who examines and manages traffic as well as the variables affecting traffic conditions is a traffic technician. They review a range of traffic-related data at the direction of a traffic or civil engineer to assist in enhancing traffic flow.
A traffic technician is a specialist that works in the area of transportation engineering and is in charge of managing and evaluating traffic patterns and flow. They have a thorough understanding of how vehicles, pedestrians, and bicycles behave on the road, and they use this expertise to the design and implementation of traffic management systems that guarantee the safe and effective movement of people and commodities.
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A company purchased merchandise to be resold at increasing costs during the year 2019. The purchases were made at the following costs. 1. What are the number of units and the cost of the goods available for sale? 2. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 3. Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 4. Assuming the periodic weighted-average cost flow assumption, what is the company's cost of goods sold for the 120 items sold in 2019? 5. Assuming the LIFO perpetual cost flow assumption, what will be the company's cost of goods sold if 10 units were sold on the last day of each month during the year 2019? 6. Assuming the perpetual moving-average cost flow assumption, what is the company's cost of goods sold for the 110 items sold in 2019? 7. A company's inventory was destroyed in a fire on January 28, 2020. The company's December 31, 2019 inventory had a cost of $40,000. The company's gross profit has consistently been 30% of sales. During January the company purchased merchandise costing $36,000 and sales of $50,000 at regular selling prices. What is the estimated cost of the inventory that was destroyed on January 28, 2020?
Answers
Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).
The table contains different consumers' values (in dollars) for three oral care products sold by a single manufacturer (Colgate): toothpaste, mouthwash, and dental floss. Different types of consumers vary in their valuation of the products alone or together. Suppose there are 100 consumers of each type. Assume marginal costs are $0 for each additional unit. If Colgate wants to devise a pricing strategy that is incentive compatible between consumer types and will maximize its profit, then it should
Consumer Types Dental Floss Mouthwash Toothpaste
College Students $ 0.50 $ 2.00 $ 1.00
Middle-Aged Professionals $ 2.00 $ 1.25 $ 0.75
Retired People $ 1.50 $ 0.25 $ 2.00
Multiple Choice
charge $1.50 for dental floss, $1.50 for mouthwash, and $1.50 for toothpaste.
charge a single price of $4 for the bundle of dental floss, mouthwash, and toothpaste
charge $2 for dental floss, $2 for mouthwash, and $2 for toothpaste.
charge a single price of $3.75 for the bundle of dental floss, mouthwash, and toothpaste.
Answers
The pricing strategy that Colgate should use to maximize its profit and be incentive compatible between consumer types depends on the valuation of each product by each consumer type.
Based on the table provided, College Students value mouthwash the most ($2.00), followed by toothpaste ($1.00), and dental floss ($0.50). Middle-Aged Professionals value dental floss the most ($2.00), followed by mouthwash ($1.25), and toothpaste ($0.75). Retired People value toothpaste the most ($2.00), followed by dental floss ($1.50), and mouthwash ($0.25).
If Colgate charges a single price for the bundle of products, it will not be incentive compatible between consumer types as some may be willing to pay more for a specific product while others may not. Therefore, options 2 and 4 can be ruled out.
Charging $1.50 for each product would not take into account the varying valuations of each product by each consumer type. For example, College Students would be overcharged for toothpaste and undercharged for mouthwash. Therefore, option 1 can be ruled out.
The best pricing strategy for Colgate would be to charge $2 for dental floss, $2 for mouthwash, and $0.75 for toothpaste. This pricing strategy takes into account the valuations of each product by each consumer type and is incentive compatible between them. Therefore, the correct answer is option 3.
Step 1: Identify the highest valuation for each product among the consumer types:
- Dental Floss: $2.00 (Middle-Aged Professionals)
- Mouthwash: $2.00 (College Students)
- Toothpaste: $2.00 (Retired People)
Step 2: Sum the highest valuations to find the total value of the bundle:
- $2.00 (Dental Floss) + $2.00 (Mouthwash) + $2.00 (Toothpaste) = $6.00
Step 3: Calculate the price to maximize profit while maintaining incentive compatibility:
- Since there are 100 consumers of each type, charging a single price below each consumer type's highest valuation will ensure that all consumers will buy the bundle.
- $6.00 (total value) - $2.25 (the sum of the lowest valuation for each product) = $3.75
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can woolworths raise extra capital for expansion
Answers
Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.
Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.
Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.
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What are some well paying animal related jobs that don't require lots of school?
Answers
Answer:
groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.
Explanation:
these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.
Assessment Questions
In What is Insurance
b Explain the following term in
Insure
premium
Answers
Explanation:
insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
premium an agreed payment for insurance
insure to protect something against unforseen risks like fire death etc.
Answer:
dch gang from BJP by v for Vendetta the intended recipient you are not the intended recipient you are not the intended recipient you are
(ANSWER PROVIDED) Under what circumstances would it be appropriate and legal to turn down a qualified job candidate based on a disability?
done
A.
When required accommodations would be very expensive or difficult to provide
close
B.
It is never appropriate or legal to turn a job applicant down because of a disability.
C.
When a disability makes it difficult to use a standard telephone
D.
When the disabled individual is either blind or deaf
*
*
ANSWER: A. When required accommodations would be very expensive or difficult to provide
Answers
Under the circumstances that would be appropriate and legal to turn down a qualified job candidate based on a disability is:A. When required accommodations would be very expensive or difficult to provide.
What is disability?Disability occur when a part or some part of a person body is not functioning or not functioning properly. Example of disability is when a person cannot see, cannot hear, cannot walk which inturn tend to make it difficult for the person to engage in some certain activities that non disability people can do.
A qualified job candidate who is disabled may be legally turn down when the employer does not have required capacity to accommodate the person or when the accommodations would be very expensive or difficult to provide.
Therefore the correct option is A.
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Answer: A
Explanation: I j took test
what is a customer retention?
Answers
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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The cost of an intangible asset with an indefinite life should:.
Answers
An intangible asset with an indefinite life should not have a predetermined period of useful life and no foreseeable limit to the period over which it is expected to generate economic benefits. Therefore, intangible assets with an indefinite life are not subject to amortization.
Intangible assets are non-physical properties that lack physical substance but that are used in a company's operation to create future economic value. Examples of intangible assets include patents, copyrights, trademarks, franchise rights, goodwill, and customer lists. Goodwill is the excess of the acquisition price over the fair value of the assets acquired and liabilities assumed in the purchase of a company's net assets.How to account for intangible assets?An intangible asset is recorded at cost if it is acquired separately or as part of an acquisition. The cost of an intangible asset with an indefinite life is not amortized but is tested annually for impairment or whenever there is an indication of impairment to ensure that the value of the asset has not decreased.
The cost of an intangible asset with a finite life is amortized over its useful life. Intangible assets with finite lives and intangible assets with indefinite lives are the two types of intangible assets. Intangible assets with finite lives have a limited lifespan and are therefore subject to amortization over their useful lives. This suggests that the cost of an intangible asset with an indefinite life should not be amortized but should be tested for impairment annually.
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how marketers promote new products
Answers
The answer is the marketers promote their products through Media coverage, Website, Social media, Advertising and Personal selling.
What does marketing promotion mean?Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in marketing is the process of raising consumer interest in a product through marketing or a price reduction.
What serves as marketing promotion's primary objective?Making sure that consumers are aware of the presence of products is the primary goal of promotion. Promotion is also used to remind customers of why they would want to buy a product and to convince them that it is superior to similar products on the market.
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A business plan example
Answers
-My Example-
Answer:
Mia's Glazed Donut Shop
Explanation:
1. Business Description
Mia's Glazed Donuts specializes on gluten-free donuts. There is no chance of cross-contamination for anyone with celiac illness or gluten allergies because we only sell gluten-free donuts.
2. Company Description
The bakers who make the dough, fry, and glaze the donuts are the most important personnel. Customers' orders are handled by the cashiers at the cashier register. The store manager ensures that the store runs efficiently and that each transaction receives high-quality customer service.
3. Target Market
Individuals with celiac disease or gluten allergies are the target market for Mia's Glazed Donut Shop. There are few gluten-free breakfast alternatives in the Boston region, especially one that serves donuts. It's challenging to make gluten-free donuts with a fluffy consistency and texture. We've mastered our doughnut recipe and 10 different glaze formulations in our gluten-free kitchen.
4. Products and Services Line
We have ten different glaze options for gluten-free donuts. Our donuts are $2.10 each, and our freshly brewed coffee is $3.05.
Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situation, you can create a budget based on an average individual your age.
Answers
please help, this is culinary class
Answers
Answer: 1. cutlet knife 2.carving 4.steak knife 5. salmon knife 6. Paring
7. Boning 8. Chef's knife 9. peeling knife 10. bread knife
Explanation:
Answer:
1. cutlet knife 2.carving 4.steak knife 5. salmon knife 6. Paring
7. Boning 8. Chef's knife 9. peeling knife 10. bread knife
Explanation:
the last guy
also
thank u for this
i needed this question
implicit costs can be defined as a) accounting profit minus explicit cost. b) the non-monetary opportunity cost of using the firm's own resources. c) the deferred cost of production. d) total cost minus fixed costs.
Answers
Implicit costs can be defined as b) the non-monetary opportunity cost of using the firm's own resources.
Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way. An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.
An implicit cost, also known as an imputed cost, implied cost, or notional cost in economics, is the opportunity cost equal to what a company must forgo in order to employ a piece of production that it already owns and is thus not subject to rental payments. It contrasts with an explicit expense, which is paid for up front.
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if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
What is average fixed cost , average variable cost ,average cost and marginal cost??
Answers
Answer:
Since the fixed cost does not change with the output, the average fixed cost decreases as the output increases. The average variable cost does not always increase in proportion to an increase in the output. Marginal costs also come down until 44 units are produced after which they start rising.
Explanation:
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Assume the exchange rate between the U.S. and India is $1= Rs73.58. If currently selling in India for Rs 7,358 . holds, an item that sells for $100 in the US. is Multiple Choice a) international Fisher effect. b) unbiesed forward rates condition. c) uncovered interest rate parity. d) interest rate parity. e) purchesing power parity.
Answers
The purchasing power parity theory holds true in this scenario, as the price of the item in India is equal to the price of the item in the US when converted to the same currency.
Purchasing power parity (PPP) is a theory that states that the prices of goods and services should be the same in different countries when they are converted to a common currency. In this case, the price of the item in India (Rs 7,358) is equal to the price of the item in the US ($100) when converted to the same currency (USD). This means that PPP is holding true in this scenario.
The other answer choices are incorrect because they do not refer to PPP. International Fisher effect is a theory that states that the difference in interest rates between two countries should be equal to the expected rate of change in the exchange rate between those two countries.
Uncovered interest rate parity is a theory that states that the difference between the spot exchange rate and the forward exchange rate should be equal to the difference in interest rates between two countries. Interest rate parity is a theory that states that the interest rate on a foreign currency deposit should be equal to the interest rate on a domestic currency deposit plus the expected rate of change in the exchange rate between the two currencies.
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Some identity thieves may use your Social Security number to obtain government benefits,
OA True
OB, False
Answers
Answer:
True
Explanation:
Your social security number overall describes who you are and your citizenship. If someone could get a hold of your SSN, they could do an number of things that are far worse then mere identity theft. If given the chance, they could even file for unemployment or Social Security benefits. This means that by using your identity, they are illegally gaining funds through government benefits. This crime is known as fraud.
Rashad doesn't want to spend time organizing his personal financial records. His spouse, Minos, thinks it is worth spending the time to get organized. What should Minos tell Rashad to convince him that organizing personal financial records is beneficial? OA It will be easier to manage daily business activities such as paying bills. OB. People who organize their personal financial records generally do not have to file taxes. OC They cannot lose money on investments as long as they keep good records. OD. Most banks offer a yearly cash bonus if clients have organized financial records.
Answers
What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.
To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.
He will not be at a loss of the whereabouts of his financial data.
Therefore, option A is right.
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A ________ is a performance appraisal method that provides feedback from a panel that typically includes superiors, peers, and subordinates.
Answers
Answer:
360-degree feedback system
Explanation:
360-degree feedback system is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.