Why does an illusory contract lack consideration?
A) because the consideration promised is unlawful and therefore void
B) because the person promises to perform an act or do something he or she is already under an obligation to do
C) because one or both parties can choose not to perform their contractual obligations
D) because the compensation paid is for work done in the past
C
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Ergo Co. is a manufacturing company based in Texas. In the year after Ergo Co. implemented a comparable-worth policy, its expenses increased, and as a result, profits declined. What difficulty of comparable-worth policies does this example illustrate?
A. The employer is at an economic disadvantage because of increased pay for some jobs. B. The policy overlooks the undervalued work performed by women. C. The employer ignores the evaluation points for each job. D. The policy uses job enrichment to establish a pay structure based on market rates. E. Employees in lower-paid jobs are encouraged to meet the goal of comparable worth.
Focus groups represent the main method by which syndicated services collect data
Indicate whether the statement is true or false
Managing inventory turnover involves balancing which of the following consideration(s) in setting the optimum level of inventory and, thus, the rate of inventory turnover?
a. For a given amount of gross margin on the goods, firms prefer to sell as many goods as possible with a minimum of assets tied up in inventories. b. An increase in the rate of inventory turnover between periods indicates reduced costs of financing the investment in inventory. c. Management does not want to have so little inventory on hand that shortages result in lost sales. d. Increases in the rate of inventory turnover caused by inventory shortages could signal a loss of customers. e. All of the above.
An organization's culture supports the belief that profits can be increased by cost cutting and that the company's best interests are served by achieving slow but steady increases in quarterly earnings. What is the nature of the programs that the organization's managers are likely to follow?
A. short-term B. risky C. innovative D. expansionary