The most likely enforceable oral contract is one involving a collateral promise.
A collateral promise is a secondary promise made in connection with the original agreement and can be enforced if it meets certain requirements such as being in writing and signed by the party making the promise. The other options listed - a sale that cannot be completed within a year, a sale of land, and a sale of goods for $400 - may not be enforceable under the Statute of Frauds, which requires certain types of contracts to be in writing to be enforceable.
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Business 2: After apprenticing for another candy maker, I started my first candy business at age 18.
Unfortunately, my first attempt at starting a business (as well as my second) was a failure. After a rocky start,
my third try was more successful - I have just received a fortune from the sale of my caramel business. During
my world travels, I discovered new equipment that makes chocolate and decided to buy it. Today, only the
wealthy can afford chocolate. With this new technology, I think I can make a chocolate that everyone can
afford. In my mid-thirties, I know very little about making chocolate but I am willing to take the time to learn. I
want my life to center on inventing new candies, building this new business, and laying out a new community
that will be a wonderful place for the people I hire to live. I prefer to leave day-to-day operations of the
company–handling production, sales, marketing and distribution—to someone else
Answer:
The question is incomplete since the requirements are missing, so I looked for similar questions and found that you should advice this client either to form a sole proprietorship, partnership or corporation.
Since this client wants to focus solely on inventing new candies, he would be better off by forming a corporation. That way, he and other stockholders can elect a board of directors which will appoint an appropriate upper management team to run the business.
The other two types of businesses, sole proprietorships and partnerships require that the owners actively participate in managing the business, and that is something that the client wants to avoid. This happens because sole proprietors and partners are personally liable for all the business obligations. On the other hand, corporations are managed by a professional team.
Identify the advantages and disadvantages associated with each
of the four basic strategies: international, global,
multi-domestic, and transnational?
Each of the four basic strategies, namely international, global, multi-domestic, and transnational, comes with its own set of advantages and disadvantages.
International Strategy:
Advantages:
Provides opportunities for market expansion and diversification by entering new international markets.
Allows for leveraging economies of scale and cost efficiencies through standardized processes and products.
Provides access to new technologies, resources, and talent from different regions.
Disadvantages:
Lack of customization and adaptation to local markets, which may hinder competitiveness.
Challenges in understanding and navigating diverse cultural, legal, and political landscapes.
Increased coordination and communication complexities across multiple countries.
Global Strategy:
Advantages:
Achieves economies of scale through centralized production, sourcing, and distribution.
Enables consistent branding and messaging across different markets, leading to a strong global presence.
Facilitates knowledge sharing and resource allocation on a global scale.
Disadvantages:
Limited responsiveness to local market variations and consumer preferences.
Challenges in adapting to diverse cultural and regulatory environments.
Risks of over centralization and reduced flexibility in decision-making.
Multi-domestic Strategy:
Advantages:
Tailors products and services to meet specific local market demands, enhancing competitiveness.
Better alignment with local customer preferences and cultural nuances.
Greater flexibility in adapting to local regulations and business practices.
Disadvantages:
Higher production and operational costs due to customization and localization efforts.
Difficulties in maintaining consistency and coordination across multiple markets.
Challenges in achieving economies of scale and scope.
Transnational Strategy:
Advantages:
Combines the benefits of global efficiency and local responsiveness.
Promotes knowledge sharing and collaboration across geographically dispersed teams.
Enables the optimization of resources and capabilities on a global scale.
Disadvantages:
Complex coordination and communication requirements across different regions.
Balancing the standardization of processes and products with customization for local markets.
Challenges in managing cultural diversity and ensuring consistent branding and customer experience.
It's important to note that the suitability of each strategy depends on various factors such as industry dynamics, market characteristics, and organizational capabilities. Companies often adopt a hybrid approach or adapt their strategies based on specific market conditions and opportunities.
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A capital deficiency refers to which of the following? A partner has a reduction in capital due to a share of a loss. A partner has a negative balance in the capital account. A partner leaves the partnership. The company has a net loss for the year.
A capital deficiency refers to the situation where a partner has a negative balance in the capital account. It indicates that the partner's share of losses and withdrawals has exceeded their share of contributions and profits in the partnership. In other words, the partner's capital account has been depleted to a negative balance, indicating that they owe more to the partnership than they have invested or earned from it.
A capital deficiency is an indication that the partner's share of losses or withdrawals has depleted their initial investment or earnings in the partnership. It represents a financial obligation that the partner must fulfill to bring their capital account back to a positive balance. It is important for partners to address capital deficiencies promptly to maintain the financial health and stability of the partnership.
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tenisa singh’s brother approached tenisa and randolph about investing $55,000 in their new company, comfy home. at the same time, the company took out a bank loan for $85,000. if tenisa’s brother made the proposed investment in the company, what would be the total impact on the accounting equation from these two transactions?
In this case, the investment from Tenisa's brother would increase the company's assets by $55,000. The bank loan would increase the company's liabilities by $85,000. The total impact on the accounting equation would be to increase assets and equity by $55,000 and increase liabilities by $85,000. The accounting equation would still be in balance.
The net impact on the accounting equation would be to increase equity by $5,000.
The accounting equation is:
Assets = Liabilities + Equity
Here is a breakdown of the impact on the accounting equation:
Assets: Increase of $55,000 (investment)
Liabilities: Increase of $85,000 (loan)
Equity: Increase of $5,000 (net effect)
The total assets have increased by $55,000, the total liabilities have increased by $85,000, and the total equity has increased by $5,000. The accounting equation is still in the balance.
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Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
Should highschoolers have nap time?
Best answer gets brainliest and 100 points!
Why is the interest rate one of the biggest factors when calculating the financial charges on credit cards?
In a loan, the interest rate is considered as the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
What is an interest rate in loan?The term "interest rate" is a rate that tells you how high the cost of borrowing is or high the rewards are for saving. As a borrower, an interest rate is the amount you are charged for borrowing money which is shown as a percentage of the total amount of the loan.
In a loan, the finance charge means the total cost of borrowing money which includes the interest paid and any service fees by the lender which is why the interest rate is a big factor in calculating finance charges of credit cards.
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The Consumer Price Index is a way that the U.S. government measures ____.
Answer:
prices of all goods and services bought by US households
Explanation:
Why may a hotel charge high prices for wine,soft drinks or bottled water and quite reasonable prices for food and still get away with such high prices
Answer:
The prices of wine,soft drinks or bottled water are high because these items have an inelastic demand. People can't refuse to drink water because it's price is high. Water is needed for survival.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Prices for food is reasonable because demand is elastic. If prices are too high, the Quanitity demanded would fall.
I hope my answer helps you
Explanation:
which offering could you use to measure the number of people who click or view your ads and later visit your business location?
The offering used to measure is store visit conversions.
By analyzing recent and historical data on the amount of customers that click or view your advertising and then visit your store, G oogle Ads generates modelled numbers. The firm may make sense of these results in the G oogle Ads reports for store visits. Store visits are counted in order to determine how many individuals click on the advertising or view them before going to the store.
If a company values visits to the physical locations, conversion tracking can show how ad clicks and viewable impressions affect retail visits. This function enables tracking of the most successful adverts. It's helpful since the firm can modify its marketing strategy based on the success or failure of its current advertisements to suit its current requirements, the target audience, and the area.
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Explain the importance of team dynamics (plz help)
Team dynamics in the workplace are important because they impact creativity, productivity and effectiveness. Since group work is integral to organisations, improving group dynamics can lead to better work outcomes, customer satisfaction and an improved bottom line.
if the marginal propensity to consume is 0.50, by how much will real gdp change in response? enter your answer in billions of dollars.
If the MPC is 0.50, a $100 billion increase in disposable income will lead to a $200 billion increase in real GDP.
If the marginal propensity to consume (MPC) is 0.50, it means that for every additional dollar of disposable income, 50 cents will be spent on consumption. The remaining 50 cents will be saved.
To calculate the change in real GDP in response to an increase in disposable income, we need to use the following formula:
ΔY = 1 / (1 - MPC) x ΔDI
where:
ΔY = change in real GDP
MPC = marginal propensity to consume
ΔDI = change in disposable income
If we assume that there is an increase in disposable income of $100 billion, then the change in real GDP can be calculated as:
ΔY = 1 / (1 - 0.50) x $100 billion
ΔY = 2 x $100 billion
ΔY = $200 billion
This is because the increase in disposable income will lead to an increase in consumption, which will lead to an increase in aggregate demand and production in the economy.
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Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations?
a. $484,359
b. $521,173
c. $584,653
d. $560,748
e. $487,805
Answer:
The pp's new value of operations would be $487,805. The right answer is e
Explanation:
According to the given data we have the following:
ke=12%
kd=8%
wd=30%
we=70%
To calculate the pp's new value of operations we would have to calculate the WACC as follows:
WACC=we*ke+wd*kd*(1-t)
WACC=70%*12%+30%*8%*(1-0.4)
WACC=9.84%
Therefore, pp's new value of operations=EBIT(1-t)/WACC
=$80,000(1-0.4)/9.84%
=$487,805
The pp's new value of operations would be $487,805
The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.
Answer:
Yes
Explanation:
Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term
in the context of business relationships in japan, which of the following best describes amae?
a. It is the feeling of nurturing concern for, and dependence upon, another. b. It is the lack of motivation among employees in businesses. c. It is a legal consolidation and collaboration of companies into a single entity. d. It is the lack of economic competition in the market.
In the context of business relationships in Japan, amae refers to the feeling of nurturing concern for, and dependence upon, another.
The concept of amae is deeply ingrained in Japanese culture and plays an important role in interpersonal relationships, including business relationships. Amae can be seen as a form of emotional bonding that develops between individuals, characterized by a mutual sense of trust and dependency. In business contexts, amae may manifest itself in various ways, such as employees seeking guidance and support from their superiors, or companies relying on long-term relationships with trusted suppliers and partners. By cultivating a sense of amae in business relationships, Japanese companies often prioritize harmony and stability over individual achievement or competition and place a strong emphasis on building long-term, mutually beneficial relationships with their stakeholders.
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the economic downturn that began in 2008 resulted in negative consequences, including what?
The economic downturn that began in 2008, commonly referred to as the global financial crisis, had several negative consequences, including:
Financial institution failures: The crisis led to the collapse or near-collapse of major financial institutions, including banks, investment firms, and insurance companies. This resulted in significant disruptions to the financial system and raised concerns about the stability of the global banking sector.Stock market declines: Stock markets around the world experienced sharp declines during the crisis, erasing trillions of dollars in market value. Investors suffered substantial losses, leading to a decrease in consumer and investor confidence.Economic recession: The financial crisis triggered a global recession, marked by a significant decline in economic activity. Many countries experienced a contraction in their GDP, rising unemployment rates, and reduced consumer spending. The recession had widespread negative effects on businesses, individuals, and governments, with lasting impacts on job markets and household incomes.Housing market collapse: One of the primary factors that triggered the crisis was the bursting of the housing bubble in the United States. As home prices plummeted, millions of homeowners found themselves with negative equity, unable to meet mortgage payments, and facing foreclosure. The housing market collapse had ripple effects throughout the economy, impacting construction, real estate, and related industries.Government bailouts and fiscal strain: Governments worldwide had to intervene to stabilize the financial system by providing bailouts and financial support to struggling institutions. These actions put a significant strain on public finances and increased government debt levels. Governments implemented various measures, including stimulus packages and austerity measures, to mitigate the effects of the crisis and promote economic recovery.Global economic slowdown: The financial crisis had a domino effect on the global economy, leading to a slowdown in trade and investment. Many countries experienced reduced exports and foreign direct investment, contributing to a broader global economic downturn.Social and human impacts: The economic downturn resulted in job losses, reduced incomes, and increased poverty levels. Many individuals and families faced financial hardship, struggling to meet their basic needs. Social welfare systems were strained, and inequality widened as the most vulnerable populations were disproportionately affected.Overall, the economic downturn that began in 2008 had far-reaching negative consequences, impacting the financial system, economies, businesses, individuals, and governments worldwide. It highlighted the interconnectedness and vulnerabilities of the global economy and triggered significant policy and regulatory changes aimed at preventing similar crises in the future.
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Career pathways never overlap.
A.
True
B.
False
Answer: Your answer should be False! For me, career pathways always overlap!
Explanation: Thank you for the points!!
The ability to interact, be responsible, persevere, be a team player, be motivated, and problem solve are examples of _______________ skills valued by employers.
a. Trade
b. Technical
c. Critical
d. Automatic
Answer:
b. Technical
Explanation:
The ability to interact, be responsible, persevere, be a team player, be motivated, and problem solve are examples of technical skills valued by employers.
A __________ breach of contract discharges the nonbreaching party’s duties and permits that party to sue for damages or __________ the contract and seek __________.
A material breach of contract discharges the non breaching party’s duties and permits that party to sue for damages or revoke the contract and seek a temporary injunction.
A material breach allowed by the contract cannot even come close to being a breach, much less a significant breach, according to contract law. Additionally, the duties sum was not paid. You would have the right to sue if you ordered a computer online and only received the monitor because that would constitute a serious non breaching of the contract. There are numerous ways a contract might be broken, however the following are the most typical: Content Breach Impertinent Breach.
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Indiana Company began a construction project in 2024 with a contract price of $164 million to be received when the project is completed in 2026. During 2024, Indiana incurred $31 million of costs and estimates an additional $81 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.In 2025, Indiana incurred additional costs of $54 million and estimated an additional $36 million in costs to complete the project. Indiana:Note: Do not round intermediate calculations.Multiple Choicea. recognized $43.00 million gross profit on the project in 2025.b. recognized $10.00 million gross profit on the project in 2025.c. recognized $15.81 million gross profit on the project in 2025.d. recognized $41.50 million gross profit on the project in 2025.
The correct answer is d. recognized $41.50 million gross profit on the project in 2025.
This means that Indiana recognized a gross loss of 53.3 million on the project in 2025. This is not a valid answer , so the correct answer is d.recognized 41.50 million gross profit on the project in 2025.
To calculate the gross profit on the project in 2025, we can use the following formula:
Gross profit = (Revenue - Costs) / Total costs incurred
We can start by calculating the revenue recognized in 2025:
Revenue in 2025 = Percentage of project completed in 2025 x Contract price
Percentage of project completed in 2025 = (Percentage of project completed at end of 2024 + additional costs incurred in 2025) / 2
Additional costs incurred in 2025 = $54 million
Percentage of project completed at end of 2024 = 31 million / 54 million
Percentage of project completed in 2025 = (31 million / 54 million) + ($81 million - 31 million) / 2
= 42.31%
We can then calculate the total costs incurred in 2025:
Total costs incurred in 2025 = 31 million+54 million
= $85 million
Gross profit in 2025 = Revenue in 2025 - Total costs incurred in 2025
= 31.7million−85 million
= -$53.3 million
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smith died and his real property was sold. which of the following determines the amount of commission paid to the broker handling the sale? select one: a. the state real estate board or commission b. the local bar association c. the listing signed by the broker and the executor or administrator for the estate d. the state association of realtors
The correct answer would be option c: the listing signed by the broker and the executor or administrator for the estate.
The amount of commission paid to the broker handling the sale of Smith's real property is determined by the listing signed by the broker and the executor or administrator for the estate.
The listing agreement is a contract between the broker and the seller (in this case, the executor or administrator), which specifies the terms and conditions of the sale, including the commission amount.
The broker is entitled to receive a commission based on the agreed-upon terms outlined in the listing agreement.
So, the correct answer would be option c: the listing signed by the broker and the executor or administrator for the estate.
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notes and accounts receivables that arise from sales transactions with customers are often called trade receivables.
true
false
The given statement "notes and accounts receivables that arise from sales transactions with customers are often called trade receivables." is true because buying or selling goods or services, all transactions result in either an asset or a liability for the business.
When a business sells goods or services to a customer, it is called a sales transaction. In such transactions, the customer may not always pay the full amount upfront.
Both notes and accounts receivables that arise from sales transactions with customers are often called trade receivables. Trade receivables are considered assets on a company's balance sheet since they represent the amount that the business expects to receive from its customers.
In conclusion, trade receivables arise from sales transactions when a customer is expected to pay for goods or services at a later date. These receivables can be in the form of notes or accounts receivables and are recorded as assets on the company's balance sheet.
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Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal revenue. taxes collected for social security and medicare make up of federal revenue.
Individual income tax, 9% and 40% are the correct answers for the blanks.
How much revenue comes from income tax?42 percent of federal revenue comes from income taxes paid by individual. Income taxes paid by businesses and corporations about 9% of federal revenue and Taxes collected for Social Security and Medicare about 40% of federal revenue.
So we can conclude that individual income tax, 9% and 40% are the correct answers for the blanks.
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Answer:
1. individual income taxes
2. 9%
3. 40%
Explanation:
edge
which of the following challenges facing hr is related to technology becoming more prevalent in many previously unskilled environments? a. shifts in industries/retraining b. baby boomer retirements c. decreased employee loyalty d. differing benefits preferences
A. Shifts in industries/retraining is the challenge related to technology becoming more prevalent in many previously unskilled environments.
As technology advances, many unskilled jobs are becoming automated, so employees must be retrained in order to remain employable. This can be a daunting and expensive task for employers, as it may require significant investments in employee training and development for certain industries. Additionally, some employers may have difficulty finding qualified workers to replace those who are retiring or being made redundant due to automation.
This creates a wide range of challenges for human resources departments. They must decide how to best allocate resources towards retraining, and find the most cost effective ways to do so. Companies may need to consider new sources of labour, such as contract workers or offshore staff, in order to remain competitive and meet staffing requirements. Additionally, they must ensure compliance with relevant legislation and regulations, while providing a safe and equitable working environment. Furthermore, they must also consider how to ensure that their retraining initiatives are both effective and cost-efficient. HR departments will also need to ensure a smooth transition for those employees who are being retrained, as well as for those who are entering the workforce for the first time.
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The difficulty associated with technology becoming more prevalent in many previously unskilled environments is shifting in industries and retraining. In this case, option A is correct
Many low-skilled jobs are becoming automated as a result of technological advancements, so workers must retrain in order to stay employable. Due to the potential need for significant investments in employee training and development for some industries, this can be a challenging and costly task for employers. Additionally, some employers might have trouble replacing those who are retiring or losing their jobs as a result of automation with qualified workers.For human resources departments, this poses a variety of difficulties. They must choose how to best allocate funds for retraining and identify the most economical strategies for doing so. Companies might need to think about new labor sources.To learn more about human resources departments click below:
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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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What role does the government have in external compliance requirements?
Answer: Some parts of the business, such as stock sales, will be governed by external compliance requirements.
Explanation:
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Imagine your class has been asked to organize a career fair for your school. Now that you know about all the career clusters, you want to be sure to include each one in the career fair,
Working in small groups, imagine your class has been asked to organize a career fair for your school. Now that you know
Brainstorm how you would begin to organize this career fair. What would you need to do? What information would you
need to have? What permissions would you need to secure? Where will this be held?
Describe your plan below in detail.
Answer: Organizing a career fair requires knowledge of a variety of career clusters. Here are certain ideas you can use while organizing a career fair:-
After dividing the class into smaller groups assign each group a particular career path on which they can prepare a presentation.Prepare an itinerary for the presentations and assign each group a particular time slot.These itineraries can be distributed as pamphlets to the target audience.Each group can make an effort to invite certain professionals or experts from the field for the occasion.Permission from the School Council and higher authorities might be required for the use of school grounds and auditoriums.Each group must have a leader for the coordination of the activities.The leaders must work together as a team and keep each other updated about the progress of their individual groups.Which of the following games has the property that Nash equilibrium is played when players are rational (in the sense that each player tries to maximize her/his own payoff)?
a. Traffic game
b. Prisoner’s Dilemma
c. Coordination Game
The game that has the property that Nash equilibrium is played when players are rational is the "Coordination Game."
In a Coordination Game, players have multiple pure strategy Nash equilibrium, and rational players will choose strategies that align with the equilibrium. The goal in a coordination game is to coordinate with the other players to achieve the best possible outcome for all.
On the other hand, the "Prisoner's Dilemma" game does not have the property that Nash equilibrium is played when players are rational. In the Prisoner's Dilemma, the Nash equilibrium involves both players choosing a strategy that leads to a sub optimal outcome, even though they would collectively be better off by deviating from the equilibrium.
The "Traffic game" does not provide enough information to determine whether it has the property that Nash equilibrium is played when players are rational, as the specific rules and structure of the game are not specified.
Therefore, the game that has the property of rational players playing Nash equilibrium is the "Coordination Game."
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true or false: as a general rule, open source license terms broaden your rights as a software consumer, compared to the rights granted by copyright law.
False. In general, compared to the rights provided by copyright law, open source licence terms do not increase your rights as a software customer.
Anybody may use, modify, and distribute software's source code without restriction under an open source licence. The principle that software should be accessible to everyone and that users should have the right to access and modify the code is the foundation of the open source movement. Open source licences are intended to safeguard the continued availability and universal usability of the software while simultaneously safeguarding the rights of the original creators. The GPL, MIT License, and Apache License are the three most popular open source licences. The use and distribution of the programme are governed by the terms and restrictions of each open source licence.
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