The investment decision maker's primary duty is to allocate funding for the project or program.
What is the role of investment decision?Choosing and acquiring long-term and short-term assets for the business to invest its capital in is referred to as an investment decision.
Long term investments and short term investments are the two sorts. A long-term capital choice might be to purchase production-related equipment. It matters because it has an impact on the company's long-term profits. The amount of cash, inventories, etc., affects short-term investments.
The potential for profit and growth rate of the business are affected over the long term by investment decisions. The future function of the company will be influenced by these choices. A huge influx of money will be brought on by the right investing approach.
Therefore, that's correct order.
a. new equipment.
b. new market.
c. repair of old machinery.
d. new product in a foreign market.
e. new product in a related market.
f. addition to a normal product line.
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4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
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On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answer:
On April 30,
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
On May 12,
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
Explanation:
Okay here the attorney fee is the legal fee expense that was accrued in April and must accounted for as accrued expense. The accounting entry would be increase in payables (Credit) and expense (Debit) as well.
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
Now on May 12, the company paid the expense which means that the legal fee payable was reduced to zero (Reduction in liabilities is always debited) and the cash is also reduced by $3500 (Asset reduction is always credited).
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
you are planning to buy a pair of shoes with a debit card. where will the money come from?
When you purchase a pair of shoes using a debit card, the money will be deducted directly from your bank account, specifically the checking account associated with the card.Using a debit card allows you to manage your spending by only using the funds you have available in your account, preventing overspending and debt.
1. You choose the shoes and proceed to the checkout.
2. You provide your debit card for payment.
3. The merchant processes your debit card, and your bank is contacted to confirm the available balance.
4. If you have sufficient funds, the transaction is approved.
5. The amount of the purchase is deducted from your checking account.
6. The merchant receives payment from your bank, and you receive a confirmation of the transaction.
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martina's franchise agreement allows her to open up to seven new stores within a 100-mile radius of the first one. martina is best described as a(n) a. area developer. b. franchisee. c. master licensee. d. franchisor.
Martina's establishment understanding permits her to open up to seven new stores inside a 100-mile range of the first. Martina is best portrayed as an area developer.
What is in a franchise agreement?
A franchise agreement is an agreement under which the franchisor awards the franchisee the option to work a business, deal, sell, or convey labor and products recognized or connected with the franchisor's brand name.
An establishment understanding consolidates the privileges and commitments of the franchisor and franchisee to permit and sell an organization's protected innovation and permitting freedoms. Instances of organizations that utilize establishment arrangements incorporate Odds and end shops. Cheap food and chain eateries.
Martina's establishment understanding permits her to open up to seven new stores inside a 100-mile range of the first. Martina is best portrayed as an area developer.
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Jordan loves creating short films using his phone camera and small posable figures. He has learned how to edit the videos so that it looks as if the figures are alive and moving! What possible career paths might Jordan want to consider for his future? Explain.
Answer:
You tube , computer enjneer
Explanation:
Answer:
"A possible career path that Jordan would consider taking for his future are videography, music/video editor, or even an influencer of some sort! Becoming a videographer could widen his knowledge about the electronics he enjoys working with. He could possibly turn something that he's passionate about into something small like short films on a phone all the way to a Hollywood movie." all credit goes to foochy, the original creator of this paragraph. foochy is a brainly user.
could someone explain to me what the money market in Italy is, thank you all
Explanation:
Two main markets comprise the Borsa Italiana: the Mercato Telematico Azionario (MTA), which is the segment for mid- and large-size companies; and the AIM Italia, which was established in 2009 to cater for high growth small and medium enterprises needing more flexibility around the reporting and governance requirements.
Kamiya has a strong desire to be influential in her group and to control what goes on in her environment. which type of needs would kamiya be considered high in?
Kamiya would require power showing a strong desire to be influential in her group and to control the environment.
What are the types of power?
The dynamic interaction between O, the one who wields it, and P, the person (or group) against whom it is wielded. They make references to a variety of dynamic bases but only specify the five most common,
Power to RewardPower of coercionLegitimate authorityReferent authorityExpert knowledgeThe first three are referred to as 'positional power,' since they are based on your position in the social order.
The other two categories of 'personal power' entail interpersonal skills and exerting a more positive sort of influence.It inspires and pushes people to work more. The criterion here is that the majority of team members find the provided prize worthwhile. A three-day paid vacation for top-performing staff, for example, offers enough incentive to boost overall productivity.Learn more about different types of power here,
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Which of the following is a type of fraud in which an auction site bidder is actually the seller with a fake identity, who bids high drive up the price?
A. Shill bidding
B. Bid shielding
C. Bid siphoning
D. Price driver
The type of fraud in which an auction site bidder is actually the seller with a fake identity, who bids high drive up the price is known as shill bidding. The correct option is A)
What is Shill Bidding?Shill bidding is the fraudulent practice of a seller or seller's accomplice bidding on an auction in order to inflate the price of the item for sale, mislead legitimate bidders into paying more than they should, and drive up the seller's profits.What is Bid Shielding?Bid shielding, also known as bidder collusion, is a type of auction fraud in which two or more bidders collude to obtain an item at a lower price by making a low initial bid, then having one or more of the bidders retract their bids so that the final high bidder receives the item at a lower price.What is Bid Siphoning?Bid siphoning occurs when a group of buyers agrees to boycott an auction so that the winning bid is lower than it would be if there were more active buyers.What is Price Driver?Price Driver is a way to determine the value of an asset. Price drivers are used to determine the value of an asset by analyzing the factors that influence its supply and demand. These factors can include economic conditions, technological advancements, and market trends.
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a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. what is the stock's beta?
a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. the stock's beta is 0.63.
In arithmetic and data, the deviation is a measure of the difference between the observed fee of a variable and a few other costs, often that variables suggest. The signal of the deviation reports the route of that difference (the deviation is high-quality whilst the determined cost exceeds the reference value). The importance of the value indicates the scale of the distinction. A deviation that may be a distinction between a found fee and the true price of an amount hobby (where genuine price denotes the anticipated cost, along with the population mean) is an error. A deviation that is the distinction between the determined value and an estimate of the real cost (e.G. The sample suggest; the expected value of a pattern can be used as an estimate of the anticipated price of the population) is a residual. These ideas are relevant to facts in the c programming language and ratio tiers of dimension.
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How does a command economy differ from a mixed market economy?
A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
B. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
C. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.
D. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answer:
A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand . A command economy is an economic system where the government has control over the production and pricing of goods and services.
Explanation:
The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence, who should you talk to?.
If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence you should first report your concern to your supervisor, or human resources department.
What is workplace violence?Workplace violence is any act of, or threat of, physical violence, harassment, intimidation, or other threatening disruptive behavior that takes place at the workplace. Threats, slander, and physical and verbal abuse are all included, as well as murder. Customers, clients, visitors, and staff all may be impacted. The third-leading cause of fatal workplace injuries in the United States is now acts of violence and other injuries. In 2019, there were 5,333 fatal workplace injuries in the United States, and 761 of those injuries were caused intentionally by another person, according to the Bureau of Labor Statistics Census of Fatal Occupational Injuries (CFOI). Employers and employees across the country are very concerned about workplace violence, regardless of how it presents.
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Answer: Your co-worker is late to work one or two days each week.
Explanation:
japanese tariffs and quotas reduce national welfare the most in: a) agriculture. b) machinery. c) textiles. d) clothing.
The biggest impact of Japanese tariffs and quotas on national welfare is in agriculture. Hence, the correct answer choice for this question will be option (a).
Write a short note on tariffs.The government of a country or a supranational organization may impose a tax on the import or export of goods which is regarded as a tariff. In addition to giving the government money, import tariffs can control international trade and help or defend domestic businesses. Protective tariffs are among the tools of protectionism that are most frequently used, along with import and export restrictions and other non-tariff trade barriers.
There are two different kinds of tariffs: fixed (a set sum per unit of imported goods or a specific proportion of the price) and variable (the amount varies according to the price). Because they become more expensive as a result of taxes, people are less likely to buy imported items.
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With the review of the above case, identify and briefly present four legal cases of your choice grounded or demonstrating the three characteristics of a lease
The three characteristics of a lease include the transfer of the right of possession of the property from the landlord to the tenant, the tenant's obligation to pay rent to the landlord, and the duration of the lease agreement. Below are four legal cases that demonstrate these characteristics:
1. Black v. Mile High Dairy, Inc.In this case, Black and Mile High Dairy entered into a lease agreement that provided Black with exclusive use of a barn, corral, and a portion of the land. The agreement also stipulated the rental amount and duration of the lease. The court upheld the lease agreement, indicating that it demonstrated the three characteristics of a lease.
2. DuBose v. GreenhawIn DuBose v. Greenhaw, the court determined that a tenant who remained on the premises after the expiration of the lease became a tenant at will. The court held that the tenant's obligation to pay rent continued until either party terminated the lease. This case shows that the duration of the lease is an essential characteristic of a lease agreement.
3. Plantz v. TorelliIn Plantz v. Torelli, the landlord and tenant entered into an oral lease agreement for a term of one year. The tenant was required to pay rent and maintain the property. The court ruled that an oral lease agreement met the three characteristics of a lease, including the transfer of possession, the tenant's obligation to pay rent, and the duration of the lease.
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According to the video, which workers traditionally become construction managers? construction craftspeople with many years of experience architects who want to work outdoors more often stationary engineers and system operators recent college graduates who have strong people skills
Construction craftspeople with many years of experience traditionally become construction manager.
A construction manager is a professional who oversees and coordinates all aspects of a construction project, from planning and design to the actual construction and final completion. The role of a construction manager is to ensure that the project is completed on time, within budget, and to the required quality standards.
The construction manager typically works closely with the project owner or client, as well as with architects, engineers, contractors, and other stakeholders. They are responsible for managing the various tasks and resources required for the project, such as labor, materials, equipment, and subcontractors.
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Answer:
A) construction craftspeople with many years of experience
Explanation:
what's predictive analytics?
Predictive analytics is a branch of advanced analytics that uses current and historical data to forecast activity, behavior and trends.
Predictive analytics is a powerful tool for businesses to identify potential opportunities and risks, optimize customer relationships, and improve decision-making. It uses current and historical data to forecast activity, behavior, and trends using a variety of statistical techniques from data mining, predictive modeling, and machine learning. Predictive analytics can help businesses anticipate customer financial statements needs and make more informed decisions, allowing them to stay ahead of the competition and maximize profits. Additionally, predictive analytics can be used to optimize processes and increase efficiency, as well as to identify potential areas of growth and new opportunities. In short, predictive analytics is an invaluable tool for businesses of all sizes that can help them make more informed decisions, increase profits, and stay ahead of the competition.
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For each situation, select one option from below that you think will help increase profit.
A shop that sells fine glassware offers gift wrapping at no extra cost ?
A. Avoid extra payroll expenses.
B. Get the best rates on advertising.
C. Change the product you provide.
D. Use resources wisely.
E. Beat the competition.
F. Get the best rates on supplier purchases.
G. Eliminate some free services.
H. Increase worker efficiency.
"Avoid extra payroll expenses," would be the most appropriate for increasing profit in this situation.
So, the correct answer is A.
Offering gift wrapping at no extra cost is already a service that the shop provides, so eliminating it would not be a viable option.
Similarly, changing the product or eliminating free services may not be well-received by customers and could lead to decreased sales. Getting the best rates on advertising or supplier purchases may not have a significant impact on profit in this case.
Increasing worker efficiency could potentially lead to increased productivity and profit, but it may not be directly related to the situation at hand.
Using resources wisely is always a good practice, but may not directly increase profit.
Therefore, avoiding extra payroll expenses by finding ways to efficiently offer gift wrapping without additional staffing would be the most effective option for increasing profit in this scenario.
Hence the answer of the question is A.
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which sourcing strategy is particularly common when the products being sourced are commodities? A) few suppliers
B) many suppliers
C) keiretsu
D) vertical integration
E) virtual companies
B) many suppliers. This is because commodities are generally widely available and there are many suppliers who can provide them.
When a company sources commodities, it typically seeks out multiple suppliers to ensure a reliable supply and competitive pricing. This is in contrast to sourcing strategies for more specialized or unique products, where there may be fewer suppliers available.
When sourcing commodities, a company typically uses a strategy involving many suppliers. This is because commodities are standardized products with little differentiation, making it easy to switch between suppliers without affecting the quality or specifications of the product. Additionally, having many suppliers ensures a steady supply and helps in mitigating risks related to price fluctuations or supply disruptions.
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Which of the following is the best way to make sure you have good customer retention?
A. Give coupons to new customers
B. Provide good customer service
C. Offer Internet sales
D. Use sales quotas
Answer:
B. Provide good customer service
Explanation:
Customer service refers to taking care of customers' needs by providing timely, professional, and useful assistance to the customer at all times. It involves addressing customer concerns by providing meaningful support when required.
Customer service entails a one-on-one interaction with a client. The customer service agent must portray a genuine willingness to support the customer. They need to demonstrate passion for work and customers throughout the interaction. Good customer service create loyal customers.
what is nursing ?why is it needed?
Answer: What type of nursing?
which of the following are reasons why a bank may establish a multinational operation? group of answer choices low marginal and transaction costs home nation information services, and prestige growth, and risk reduction all of the above
The correct answer is "all of the above" as all of these reasons contribute to why a bank may establish a multinational operation.
The reasons why a bank may establish a multinational operation include low marginal and transaction costs, home nation information services, prestige growth, and risk reduction. Let's break down each of these reasons:
1. Low marginal and transaction costs: By operating in multiple countries, a bank can take advantage of economies of scale and spread its costs over a larger customer base. This can help reduce per-unit costs and increase profitability.
2. Home nation information services: A bank with multinational operations can access valuable information about different markets, economies, and industries. This information can be used to make informed decisions and offer better services to customers.
3. Prestige growth: Expanding internationally can enhance a bank's reputation and brand image. It demonstrates the bank's ability to compete on a global scale and attract international customers. This can lead to increased market share and revenue growth.
4. Risk reduction: Diversifying operations across different countries can help mitigate risks associated with economic fluctuations, regulatory changes, and political instability. If one market experiences a downturn, the bank can rely on other markets to offset potential losses.
Therefore, the correct answer is "all of the above" as all of these reasons contribute to why a bank may establish a multinational operation.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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what quantitative materiality tests are applied to determine whether a segment is significant enough to warrant separate disclosure
After the company decides on the segments for possible disclosure, a quantitative test is made to determine whether the segment is significant enough to warrant actual disclosure.
A segment is identified as a reportable segment if it satisfies one or more of the following tests.
(a) Its revenue (including both sales to unaffiliated customers and intersegment sales or transfers) is 10% or more of the combined revenue (sales to unaffiliated customers and intersegment sales or transfers) of all the enterprise's industry segments.
(b) The absolute amount of its operating profit or operating loss is 10% or more of the greater, in absolute amount, of
1. the combined operating profit of all industry segments that did not incur an operating loss, or
2. the combined operating loss of all industry segments that did incur an operating loss.
(c) Its identifiable assets are 10% or more of the combined identifiable assets of all segments.
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a)briefly describe two ways that can make credit cards more secure.
Two ways that can make credit cards more secure:
Use different passwords for your bank account and online shopping.Never use a PIN that is personal to you or that you use for other things, such as your birthday or certain Social Security number numbers.A credit card is a payment card that is given to users (cardholders) to allow them to pay a merchant for goods and services based on their incurred debt (i.e., a promise to pay the card issuer for the amounts owed plus any additional charges that have been agreed upon).
The card issuer (often a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards and corporate credit cards are the two types of credit cards. The majority of cards are made of plastic, however, some are made of metal (stainless steel, gold, palladium, titanium), while some include gemstones embedded in the metal.
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Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
Suppose a country's currency is a gold coin. One day, speculators find a large gold mine, which doubles the supply of gold coins in the economy. In the short run neither output nor the price level will rise; in the long run, the price level falls, but output goes back to its long-run level only output will rise; in the long run, the price level is unchanged, but output goes back to its long-run level. only the price level will rise; in the long run, the price level is unchanged, but output goes back to its long-run level. both output and the price level will rise: in the long run, the price level remains higher than its original level, but output goes back to its long-run level.
When the supply of gold coins in the economy doubles, in the short run, neither output nor the price level will rise, but in the long run, the price level falls, and output goes back to its long-run level(A).
When the supply of gold coins in the economy doubles, the demand for goods and services remains unchanged in the short run. Therefore, the price level and output do not increase immediately.
However, in the long run, the increased money supply leads to an increase in demand for goods and services, which eventually results in an increase in the price level.
As the price level increases, the demand for goods and services decreases, and the economy moves back to its long-run level of output. In the long run, output returns to its original level as the increase in the money supply has no effect on the economy's ability to produce goods and services.
Therefore, only the price level rises, and output goes back to its long-run level.So A is correct option.
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using a customer sales force structure, a company organizes its sales force along customer or industry lines required. true false
The statement is - "using a customer sales force structure, a company organizes its sales force along customer or industry lines required". The above statement is true.
What is the meaning of sales force?Salesforce is a company that makes cloud-based software designed to help businesses find more prospects, close more deals, and wow customers with amazing service.
A corporation arranges its sales force along customer or industry lines as needed, utilizing a client sales force structure. All corporate personnel whose job it is to persuade clients to acquire their firm's products or services. Therefore, it can be concluded that the above statement is correct.
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Chapter Two Mini-Case Discussion (from textbook):
Is a Franchise Right for Me?
Based on the projected occupancy, average rate, and the fees associated with the franchise, should Tom become a franchisee, or should he
pursue other options? Explain your decision?
Tom can become a franchisee.
At 60% occupancy, his projected daily rate is 55$, resulting in a monthly income of 148500$. Deducting the royalty fee and license fee of 5% of profits and the program cost of 4% of income from the sum of 13365$, we receive 135135$. He has monthly earnings of $90135 after further lowering the licensing costs of $45000. Even if he decides to pay 10% or more in extra charges for a full-service hotel, he will still make a significant profit because the return on his investment will be high.
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The apparent authority of a general agent for a disclosed principal will terminate without notice to third parties when:
A. the principal dismisses the agent.
B. the third party has notice of the principal's death.
C. the purpose of the agency relationship has been fulfilled.
D. the time period set forth in the agency agreement has expired.
The correct option is option A. The principal dismisses the agent.
The apparent authority of a general agent for a disclosed principal will terminate without notice to third parties when the principal dismisses the agent. This means that when a principal decides to terminate the agency relationship with the general agent, the agent's apparent authority will also come to an end.
Apparent authority is the authority that a third party believes an agent has based on the principal's actions or words. Once the agent is dismissed, the principal is no longer bound by the actions of the agent. The other options mentioned are not correct as they do not terminate the apparent authority of a general agent for a disclosed principal. Therefore, it is crucial for a principal to ensure that they have a clear understanding of when and how they can terminate the agency relationship with their general agent to avoid any legal consequences.
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Read the following statements and decide in which one it is ?
Tractor for a farmer to harvest wheat to sell to a local flour mill
A. Economic good/Economic service?
B. Consumer product/Industrial product?
C. Classification(s) of consumer or industrial products ?
The given statement is an example of an industrial product that serves as a means of production. It is a tractor that is used by a farmer to harvest wheat, which is then sold to a local flour mill for further processing.
The tractor is not a consumer product as it is not purchased for personal use by an individual, but rather it is an industrial product that is used in the production process. The classification of products as either consumer or industrial depends on their intended use.
Consumer products are goods that are purchased by individuals for personal use or consumption, whereas industrial products are goods that are used in the production of other goods or services. In this case, the tractor is an industrial product as it is used in the production of wheat, which is then processed into flour.
In conclusion, the given statement is an example of an industrial product used by a farmer for the production of wheat. The tractor is not a consumer product, and its classification is an industrial product as it is used in the production process.
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