A customer went into a store and saw a beautiful leather jacket bearing a price tag of $29. The customer handed the cashier a $50 bill and said, "I accept. We have a deal." The cashier then noticed the price tag and told the customer an error had been made and that the price was $229. In this case:
A) the customer validly accepted the store's offer
B) the price tag was a firm offer.
C) no contract was formed because the customer's offer was refused.
D) the customer is the offeree.
C
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Jackson and Violet are CEO’s of competing restaurants. For the past year they have been exploring the possibility of a merger, but they can’t seem to agree on terms. Before they meet, they need to perform the first step of any negotiation process. Which of the following would be the best first step for each of them?
a. Outline the goals and objectives they each would like to achieve b. Prepare a new mission for the new combined company c. Consider which employees to keep and which ones to let go after the merger d. Buy new outfits for their waitstaff
A company purchased $4600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:
A. $4644.00. B. $4690.00. C. $4476.00. D. $4510.00. E. $4647.15.
Which of the following statements is/are true regarding lean production?
I. It is a philosophy that relates to the way in which a manufacturing company organizes and operates its business. II. It is a set of techniques to make manufacturing more productive. III. It is concerned with adding value to the product. A) I only is true. B) I and III are true. C) II and III are true. D) I, II and III are true. E) I and II are true.
In those months where cash inflows exceed cash outflows, we repay the lender the amount that
exceeds the minimum cash balance. Indicate whether the statement is true or false