Owen and Pablo enter into a contract for a sale of fifty Western saddles. Pablo pays, but Owen does not deliver. Pablo can normally recover as damages the difference between
A) any loss avoided and any profit gained
B) the actual price and the hoped-for price.
C) the contract price and the market price.
D) the current prices in the parties' locations.
C
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Operational IS plans include plans for projects, such as:
A) expected benefits. B) due dates. C) priorities. D) all of the above
An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time
is 2 days. a. Find the optimal order quantity. b. What is the reorder point? c. How often should an order be placed? d. What is the cycle time?
What is the inventory that represents partially completed goods called?
A) Raw materials B) Work-in-process C) Partial product D) Finished goods
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