Troy Tech contracts with Helen to have her knit 14 sweaters for the soccer team in their school colors with their names on the front and "Go Tech" on the back. The contracted price is $100 per sweater. After Helen has almost finished the last sweater, Troy Tech decides it should spend the money on repairs to the locker room instead of on the sweaters. Does Helen's contract have to be in writing
for her to enforce it?
A) No, because each sweater only cost $100
B) No, because they are specially manufactured sweaters
C) Yes, because the total cost is $1,400
D) Yes, because they are specially manufactured sweaters
B
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By the time BMW and Mercedes-Benz entered the mini-SUV market, there were many competitors, sales had peaked, and profits were declining. These firms entered the market during the ________ stage of the product life cycle.
A. leveling B. maturity C. growth D. decline E. introduction
Ilsa works as a clerk for Java Café at minimum wage. The minimum-wage rate is revised
A. annually, according to the rate of inflation. B. every seven years, according to changes in the cost of living. C. periodically by Congress. D. whenever the president issues an executive order to revise the rate.
The book value of an asset is equal to the asset's after-tax proceeds, provided after the asset has been sold
Indicate whether the statement is true or false
You invested $5,000 in the Cog corporation and $5,000 in the Gear corporation. Both of these
corporations have $100 million in total assets. The Cog corporation had a net profit of $5 million and the Gear corporation had a net profit of $10 million. You read their annual reports and both companies had established a goal of having a net profit equal to 15% of total assets. A) Cog is more effective than Gear. B) Gear is more efficient than Cog. C) Cog is more efficient than Gear. D) Gear is more effective than Cog. E) Cannot tell without more information.