Fact Pattern 17-2BBell Medical Education Service enters into a contract to employ Chris as an instructor for two years to begin May 1. One month before the term begins, Bell is underbid by a competitor and loses a major client, Delta Hospital Center. Bell now refuses to hire Chris.Refer to Fact Pattern 17-2B. Under the circumstances, with respect to damages, Chris can
A. bring an action immediately.
B. bring an action only after the contract's two-year term begins.
C. bring an action only after the contract's two-year term ends.
D. do nothing.
Answer: A
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Answer the following statements true (T) or false (F)
1. When there are no units in the beginning Finished Goods Inventory and the units produced are more than the units sold, the operating income will be higher under variable costing than absorption costing. 2. Under variable costing, the units in the beginning Finished Goods Inventory contain fixed manufacturing overhead costs. 3. In variable costing, all fixed manufacturing overhead costs are expensed in the period incurred. 4. In absorption costing, the manufacturing costs expensed are greater than the amount expensed in variable costing when units produced are less than sold because the units in beginning inventory under absorption costing were assigned a greater cost in the previous accounting period. 5. When more units are sold than produced, operating income is less under absorption costing than variable costing.
In the maturity stage of the product life cycle, operations managers will be particularly concerned with adding capacity or enhancing existing capacity to accommodate the increase in product demand
Indicate whether the statement is true or false
Anchorage Marina in Bay Harbor sponsors a fishing tournament that the crew of the Chimera enters. The prizes include cash and discount certificates for nautical equipment. Under the principles discussed in "A Sample Court Case," Fehr v. Algard, the offer of a prize in a contest is
A. a binding contract in favor of a contestant who complies by the rules. B. a duty to be obeyed that is defined by the risk perceived. C. an equitable remedy that a modern trial court may or may not grant. D. a wager in favor of its offeror that is unenforceable at law.
The assignment problem is a special case of the
a. transportation problem. b. transshipment problem. c. maximal flow problem. d. shortest-route problem.