Weston, Inc., produces widgets. To manufacture a new type of widget, it took 23 iterations before the process reached a steady state of 36 hours. If Weston has a 98% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 40.38 hours
b. 39.44 hours
c. 38.02 hours
d. 37.08 hours
b. 39.44 hours
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When fraud occurs, the most common reaction to those affected by the fraud is:
a. Anger b. Acceptance c. Denial d. Retribution
Gracie Salazar sells women's sportswear. She is experienced in making sales presentations to groups of two to four buyers. Gracie's sales manager has told her to prepare her presentation for a group of thirty department store buyers. Does Gracie need to make any changes in her presentation to a larger group? Explain your answer.
What will be an ideal response?
Jones operates an upscale restaurant and he pays experienced cooks $35,000 per year. This year he hired his son as an apprentice cook. Jones agreed to pay his son $40,000 per year. Which of the following is a true statement about this transaction?
A. Jones will be allowed to accrue $40,000 only if he pays his son in cash. B. Jones will be allowed to deduct $40,000 only if his son eventually develops into an expert cook. C. Jones will be allowed to deduct $35,000 as compensation and another $5,000 can be deducted as an employee gift. D. Jones is not entitled to any business deduction until the son is an experienced cook. E. None of the choices are true.
Identify and explain at least four situations where a written contract is either necessary or recommended