Lynn, a tailor, agrees to sew a pair of drapes for Zach's living room. Zach promises to pay Lynn $300. Lynn completes the drapes using material selected by Zach, but Zach is not satisfied and refuses to pay for them. In this case:
A) whether Zach will have to pay for the drapes depends upon whether as a reasonable man he ought to be satisfied.
B) the standard applied here is a subjective standard of satisfaction.
C) the doctrine of frustration of purpose applies.
D) the condition of satisfaction is an express condition.
A
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One common way of measuring the effectiveness of the Supply Chain is through the fill rate. Which of the following best describes the fill rate?
A. The rate at which the stock in warehouse storage bins increases. B. The number of items per hour that receiving employees can move from the receiving dock to the warehouse. C. The average amount of time it takes for the organization to fulfill customers' orders. D. The percentage, in monetary value, of a supplier's order which is actually delivered to the organization.
Which element of scientific management theory is commonly used today in the fast food industry?
A. Employees do not need to comply with a precise job description. B. Tasks can be completed at any convenient time. C. There is strict adherence to rules. D. Training takes a long time.
Consider the following statements about companies that are involved with international operations:I.Budgeting for these firms is often very involved because of fluctuating values in foreign currencies. II.Multinational firms may encounter hyperinflationary economies. III.Such organizations often face changing laws and political climates that affect business activity. Which of the above statements is (are) true?
A. I only. B. III only. C. I and II. D. II and III. E. I, II, and III.
________ ratios measure the efficiency with which assets are converted to sales or cash
A) Liquidity B) Activity C) Profitability D) Market E) Financing