Under a contract with Valley Vineyard, Walsh begins grading a terraced hillside for the planting of grapes. Halfway through the project, Walsh asks for $5,000 over the contract price, claiming an increase in the "cost of doing business." Valley agrees but later refuses to pay. Valley's agreement to pay more is
A) unenforceable because Walsh's performance was a preexisting duty
B) unenforceable because Valley's promise was illusory.
C) enforceable.
D) unenforceable because Walsh's request modified the contract.
A
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Anna is using the BCG Growth-Share Matrix to perform a portfolio analysis for her company, Craycol Incorporated, which has four divisions: Red, Orange, Yellow, and Green. The Yellow division is new but doing quite well. Although it faces strong competition in a market that is still growing and changing rapidly, it currently has a narrow lead in market share. The Red division has long been the company’s top performer and dominates market share in an industry that has been stable for the past ten years. The Green division has been performing poorly for the past five years, and there doesn’t seem to be much opportunity to gain market share from its competitors, as customer demand has dropped significantly and is not likely to increase. The Orange division is Craycol’s newest division.
The market Orange produces products for is potentially large, but many other companies are pursuing the same customers and it remains to be seen how Orange will perform, as it currently lags behind some of its competitors while outperforming others. According to the BCG Matrix, the ______ division would likely be identified as a Question Mark. a. Red b. Orange c. Yellow d. Green
According to Jean Baptiste Say, the entrepreneur and owner were always one in the same
a. True b. False
The first unit of a product took 80 work days. The learning curve is estimated to be 90%. The time for the fourth unit will be about ________ work days and the time for the first four units will be about ________ work days. (Use Table E.3)
A) 51; 250 B) 250; 51 C) 65; 285 D) 51; cannot be determined E) 65; cannot be determined
If the Treasury yield curve is downward sloping, how should the yield to maturity on a 10-year Treasury coupon bond compare to that on a 1-year T-bill?
A. The yield on a 10-year bond would be less than that on a 1-year bill. B. The yield on a 10-year bond would have to be higher than that on a 1-year bill because of the maturity risk premium. C. It is impossible to tell without knowing the coupon rates of the bonds. D. The yields on the two securities would be equal. E. It is impossible to tell without knowing the relative risks of the two securities.