If a party intentionally and without the consent of the other party alters a written contract, the other innocent party is discharged
Indicate whether the statement is true or false
True
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Which of the following statements is false regarding promissory notes?
A) They are sometimes used to extend past-due accounts. B) They can be resold to banks. C) They must be held by the maker until maturity. D) They are often received upon the sale of machinery and automobiles.
Opportunity cost is the amount of increase or decrease in cost that would result from the best available alternative to the proposed use of cash or its equivalent
Indicate whether the statement is true or false
Tom, Susie and, Bill are tired of working for a large company. They want to start their own business. After two days of meeting in Tom's Garage, Tom, Susie, and Bill finally came up with a societal problem that needs fixing and they came up with an idea to solve that problem. They decide to meet again to determine the advantages and disadvantages of their product idea and the costs associated with producing it. This meeting is an example of what stage in the innovation process?
a. Problem solving b. Implementation and diffusion c. Brainstorming d. Idea generation
What are the four principles of scientific management as identified by Frederick Taylor?
What will be an ideal response?