Sometimes a breach occurs before the performance date of a contract. What is this type of breach called?
Anticipatory breach. This type of breach occurs if one party to the contract signifies or implies that he/she will not or can not perform.
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Della, the new CEO of Sky Advertising, has been with the firm for over 25 years. She was picked by the board to turn the 85-year-old agency around, because it had lost its edge in the Internet age. To infuse new life and energy into the agency, Della wants to bring back some old ideas that previously worked at Sky. She plans on having managers and veteran employees instruct each other about the organization's values, beliefs, and expectations; telling stories about some of the company legendary ad campaigns; coming up with a slogan that summarizes Sky's abilities in a simple and memorable phrase; and having quarterly ceremonies where creativity and innovation are rewarded. The things that Della wants to do are all examples of
A. a value stabilizing plan. B. decentralizing authority. C. embedding culture. D. MBO. E. TQM.
Marcus works on an assembly line for a U.S. automobile manufacturer. He would be considered a(n) ______ of this system.
A. participant B. feedback mechanism C. input D. transformation process E. output
Which of the following is true?
a. The Financial Accounting Standards Board has never permitted the disclosure of the fair values of noncurrent operating assets in the notes to financial statements. b. The SEC currently requires the disclosure of the fair values of noncurrent operating assets in the notes to financial statements of companies that are registered with the SEC. c. The Financial Accounting Standards Board currently requires the disclosure of the fair values of noncurrent operating assets in the notes to the financial statements. d. Disclosure of the fair values of noncurrent operating assets in the notes to the financial statements is currently encouraged but not required by the Financial Accounting Standards Board.
Generally accepted accounting principles in the United States require firms to
a. capitalize and amortize all research and development costs over the future expected benefit period. b. capitalize and amortize all research and development costs over a period no greater than 5 years. c. capitalize and amortize all research and development costs over a period no greater than 10 years. d. expense all research and development costs in the period incurred. e. None of these answer choices is correct.