If Anna Laura, in return for the payment of $200 to her by Catherine, gives Catherine an option to buy Jesse, a prime Arabian mare, at any time within the next 14 days at a price of $50,000, Anna Laura's offer to Catherine is:
a. a revocable option contract.
b. an irrevocable output contract.
c. irrevocable for the 14 days covered by the option.
d. a requirements contract.
c
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In a high-context culture, the situation is more important than the written word
Indicate whether the statement is true or false.
To fend off a competitive attack, defensive-minded companies
A. avoid giving suppliers volume discounts or providing them with better financing terms from the strategic response in order to maintain current profitability levels. B. avoid competitor's clients since their loyalty will not allow them to switch. C. void all lengthy warranties to save money. D. use innovation and intellectual property protection to obtain product line exclusivity to force competitors to use other distributors. E. remain steadfast to current product features and models to ensure resources are not diverted toward unproductive efforts.
The FedEx delivery person decides to punch out a customer who is wearing a "What Would Jesus Do?" t-shirt because the delivery person secretly hates Christians. Who is liable?
A) The delivery person. B) FedEx. C) Both of the above. D) None of the above.
Nation Inc. sells three products. Last month's results are as follows: P1 P2 P3Revenues$200,000 $300,000 $300,000Variable costs 80,000 280,000 160,000Total fixed costs are $100,000 marketing and $125,000 administrative.Required:(a) What was the operating profit last month?(b) What is Nation's break-even sales volume (at the given mix)?(c) What is Nation's margin of safety?
What will be an ideal response?