Broadnorf Warbeagle is specifically designated to receive cash benefits of $2,000 from Ferd under a contract solely between Cantwell and Ferd. Cantwell owes Broadnorf $4,000 . Ferd had never heard of Broadnorf before his recent contract with Cantwell.Cantwell, by entering into his agreement with Ferd, has
a. extinguished his obligation to Broadnorf.
b. made a partial delegation of his duty to pay Broadnorf.
c. made an partial assignment of his duty to pay Broadnorf.
d. created a three-party novation, also referred to by Justice Baadoza in Marbury v. Madison as a "three-legged monte.".
b
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A CPA reviews an entity's payroll procedures. The CPA would consider internal control to be less than effective if a payroll department supervisor was assigned the responsibility for:
A. distributing payroll checks to employees. B. initiating requests for salary adjustments for subordinate employees. C. hiring subordinate employees. D. reviewing and approving time reports for subordinate employees.
What can happen when parties have different social roles outside the negotiation (e.g., president, vice president, consultant, specialist) compared to when parties in the negotiation are equals?
What will be an ideal response?
Which of the following factors is not a relevant consideration in judging whether buyer bargaining power is relatively strong or relatively weak?
A. whether customers are relatively well-informed about sellers' products, prices, and costs B. whether certain customers offer sellers important market exposure or prestige C. whether buyers pose a major threat to integrate backward into the product market of sellers D. whether sellers' products are highly differentiated, making it troublesome or costly for buyers to switch to competing brands or to substitute products E. whether buyer needs and expectations are changing rapidly or slowly
Individual judgment is ______in its ability to be rational because decision-makers often must deal with incomplete information about the problem, the decision criteria, and even their own preferences.
A. bounded B. unbounded C. weighted D. satisficed