The goal of optimization is to use forecasts of customer behavior to identify a revenue management tactic that will be most effective
Indicate whether the statement is true or false.
Answer: TRUE
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The principle of responsibility means that individuals, organizations, and societies should be held accountable to others for the consequences of their actions.
Answer the following statement true (T) or false (F)
Howard ordered an aluminum storm door for $249.99 . Before it was delivered, the same store from which he ordered the door ran an ad in the paper for the same storm door at $179.99 . Howard called the store and demanded the advertised price. If the store says "okay":
a. Howard must pay $179.99. b. Howard must pay $249.99. c. there is no contract. d. there is a contract for the reasonable value of the door.
Asian Noodle Company contracts to sell 1,000 cases of rice noodles to Bob's Bistros, Inc, but refuses to deliver. Due to a rice shortage, Bob's right to obtain substitute goods for those that were due under the contract is the right to obtain A) cover
B) cure. C) tender. D) specific performance.
What element of a contract refers to the parties involved being "adults of sound mind"?
A)Consideration B)Capacity C)Consent D)Legality