Markup is measured either as a percentage of ____ or a percentage of ____.
A. selling price; cost
B. cost; profit
C. revenue; contribution margin
D. resources used; cost
E. demand; competition
Answer: A
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Since the 1980s the use of pattern bargaining has:
A. Increased. B. Decreased. C. Remained stable. D. Become obsolete.
If a cell displays with
, the A) entry has been keyed incorrectly B) cell must be formatted correctly C) cell is not wide enough for the entry D) cell is too wide for the entry.
What are the three shapes of the yield curve that tend to be associated with different stages of the business cycle? How would you categorize the current business cycle? Explain your answer
What will be an ideal response?
Alpha Enterprises sent an offer to Omega Enterprises. The offer read as follows: AVAILABLE FOR IMMEDIATE SHIPMENT: 600 WIRELESS NOKIA PHONES - MODEL HCG5321 (THE PHONE FROM "CHARLIE'S ANGELS"). PRICE IS $10 EACH. 30 DAYS, SAME AS CASH. ALL WARRANTIES IN EFFECT. THIS OFFER EXPIRES ON TUESDAY, MARCH 15, 2016. Omega sent the following letter in response on March 14, 2016, via overnight delivery:
HAPPY TO ACCEPT YOUR OFFER ON THE NOKIA PHONES. SHIP IMMEDIATELY. There was a major snowstorm that hit the east coast on March 14, 2016, and Omega's letter did not arrive at Alpha's headquarters until March 18, 2016. Alpha had sold the phones to another company. Omega demanded the 600 phones for $10 each claiming that it had accepted the offer in time. A) Omega is correct; it had valid and timely acceptance and had a contract. B) Omega is incorrect; the acceptance must arrive for it to be effective. C) Omega is incorrect; the offeree assumes the risk of the delivery means chosen. D) Omega is correct, but any damages must be recovered from the overnight shipping company. E)None of the above